China Unicom has confirmed that its London-based subsidiary has expressed interest in supporting the privatisation of Nitel, Nigeria's former telecoms monopoly, and possibly taking an equity stake in the company.
The statement from China's second-largest telecoms operator followed Unicom's denial last week of any participation in a $2.5bn bid for a 75 per cent stake in Nitel.
China Unicom Hong Kong said yesterday that China Unicom (Europe) Operations Limited, a UK-based wholly-owned subsidiary, had been in contact with certain potential bidders.
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