Brymedia, the consortium that emerged second reserve bidder in the aborted 2010 privatisation of the
Chief Executive Officer of Brymedia, Mr.
Brymedia's renewed interest is coming on the heels of the planned auction of a 2.3GHz frequency spectrum that would see the eventual winner, the wholesale broadband service provider for the Nigerian telecoms market.
Woods specifically said the revived bid for NITEL is part of a two-pronged plan for the acquisition of dual stakes in the Nigerian telecoms sector.
In the 2010 exercise,
Under its comeback bid, Brymedia is reported to have opened talks with the liquidation manager appointed by the BPE with eyes on key assets of NITEL to drive an ambition of transforming the moribund telecoms company into the wholesale broadband provider of broadband in the Nigerian market.
To complement the plan, Brymedia is joining the race for planned auction of a 2.3GHz frequency spectrum that will make the eventual winner the wholesale broadband service provider for the Nigerian telecoms market.
Reacting to allegations that Brymedia turned down the offer given to it to take over NITEL when the first and second winners were not willing to pay the amount that they bid to acquire NITEL, Wood told THISDAY that "it is not true that Byrmedia was approached to pay for NITEL. We came out third in the biding exercise and when the first winner was not showing interest to pay for NITEL, the
According to him: "What BPE did after the first two operators declined making payments, was to write all bidders and informed us that it was going to cancel the whole auction exercise and then introduce the 'Willing Buyer,
Giving insight as to why NITEL privatisation has remained endless, Wood said: "As at 2001, when GSM operators were licensed to compete with the existing NITEL, the NITEL has no basic experience in digital telecommunications. Where I think government went wrong was in its inability to bring in experts with proven years of telecoms experience to run NITEL as at that time."
Government however later tried to do that with the management services agreement strategy by choosing Pentascope of
"It later turned out that the consortium never worked in
According to him: "NITEL still remained a viable operator because of its assets in the area of National Spectrum licence, the SAT 3, GSM towers, transmission towers, and technical properties in all major cities in the country."
He insisted that NITEL remained the only national operator that could fast-track the whole exercise of national broadband rollout.
Wood said in a separate interview with Technology Times that Brymedia is back in the race for the two niche telecoms market stakes because they both align with the consortium's original and strategic plan to play in the wholesale market space that will transform NITEL into a "carrier's carrier."
Unlike the 2010 privatisation programme, which saw Bidders bidding for a pegged 75 per cent stake in NITEL, Brymedia is refocusing its direction in the area of key assets of the pioneer national operator under the new liquidation plan.
Wood outlines that to achieve its strategic drive to use NITEL to transform the broadband fortunes of
Another category is NITEL's special infrastructure, which Wood reckons include about 554 GSM towers and some 251 transmission systems across the country, which though had non-functional electronics but could still be reactivated.
According to him, NITEL also has "technical properties with some form of switch or some forms of cable termination in every state and every major city in
He added that when NITEL spread is added to SAT-3 and the first undersea cable in
Wood, who is the Founder and Director of
He, however, reckons that GSM network operators may not deliver true broadband, if that vision is to be realised.
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