Iran’s Kouros Capital Group has expressed an interest in investing in Nigeria Telecommunications Limited (NITEL).
The group made the announcement in Lagos after its two-week business visit to Nigeria.
The group’s chairman, Kouros Jahangiripoor, said: “We have been encouraged by the economic growth and fiscal management in Nigeria. KCG already has bases in Middle East and Europe and we clearly see Nigeria as our entry point to the African continent.
“We are very impressed by the Federal Government’s privatisation programmes. In this respect, we are very much interested in the sale process for NITEL and the bridge banks. KCG is joining the NigerPars telecommunications consortium to bid for NITEL, and in August, we shall have a specialist technical team visiting Nigeria in relation to the AMCON sale of the bridge banks.
“The fast pace of Nigerian economic expansion and population growth will place a requirement to build substantial new, improved infrastructure. KCG has the resources, experience and expertise to achieve important projects in Nigeria backed by substantial investment capacity.”
