Brymedia Consortium has offered to pay $900 million to acquire state-owned Nigerian Telecommunications (NITEL), THISDAY Live reports. The moribund national carrier’s acquisition process was terminated due to the inability of New Generation Consortium and Omen Consortium to pay in spite of extensions granted to them. Omen International was unable to pay the $105 million needed to revalidate its bid following the failure of New Generations Consortium to pay its 30% bid of $750 million. Brymedia had previously offered to pay $550 million during the bidding process.

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