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Ntel targets US$1bn to fund mobile broadband plans

Connectivity BusinessbyConnectivity Business
April 5, 2016
in Financing, Space Services
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Nigeria’s dormant, newly-branded telco Ntel is reportedly in talks with bankers and investors about raising more than US$1bn to invest in mobile broadband by 2020. Kamar Abass, CEO of Ntel, which is preparing to launch a new 4G LTE network, said the company is discussing the fundraising with parties “interested in a growth story for Africa”. […]

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Tags: AfricaMobiltel (Mtel)NitelNtelPremiumTF244
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