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| Formerly | Nitel |
|---|---|
| Headquarters | Abuja, FCT, Nigeria |
Key people | Abubakar Nahuce (Director General) |
Nigerian Telecommunications Limited (NITEL), was a monopoly telephone service provider in Nigeria until 1992 when the Nigerian government enacted the Nigerian Communications Commission act allowing new entrants into the telecommunications sector. During and after its years of monopoly, the performance of the firm was sub-par, a behavior similar to other state owned enterprises such as NEPA and government-owned water corporations.[1] The firm was formed in 1985 as the welding together of two government entities, the telecoms arm of the Post and Telecommunications (P&T) department under the Ministry of Communications and the Nigerian External Communications (NET).
A February 2008 report by the BBC revealed that the Nigerian government assumed the transnational corporation did not improve performance of NITEL and therefore stopped privatization in favour of Transcorp.[citation needed] In 2015, the government eventually finalized a transaction that saw NITEL and Mtel's assets handed over to NATCOM.[2] The deal was valued at $252 million.
In November 2017, Nitel appointed Nate James as vice president of account management.[3]
- ^ Onwumechili, Chuka (2008). "Chapter 8. Nigeria:Reviving a Former Monopoly in A rapidly Evolving Market". Telecommunications research trends. Ulrich, Hans F., Lehrmann, Ernst P. New York: Nova Science Publishers. pp. 144–150. ISBN 9781604561586. OCLC 183263320.
- ^ "Nigerian gov't hands over Nitel, Mtel assets to NATCOM", PC World, 21 April 2015. Accessed 3 September 2015.
- ^ "Nitel Adds Windstream Vet as Account Management VP". www.channelpartnersonline.com. Retrieved 2017-12-14.