Fitch Ratings has affirmed
The affirmation, according to a statement, followed the global rating agency's rating action on South African banks on
It explained that
At the current level, Fitch noted that the ratings could withstand a downgrade of up to three notches of
In view of the move by the federal government to privatise the
The event would be organised in partnership with
A statement from the organisers explained that the event would be an opportunity for delegates to meet and hear from the NITEL/MTEL's key technical team.
Furthermore, it stated that expert to speak at the forum would include senior policy makers, leading telecoms investors and NITEL/MTEL's hands-on professionals.
They are expected to provide participants with insight into the opportunities and benefits to be accrued from investing in the federal government's assets.
The federal government through the
The government had opted to wind up both institutions and sell-off the companies' assets to would-be investors due to the waning activities of the telecommunications giants.
As a result of this, the federal government is seeking buyers for the assets of the distressed companies in what it called "guided liquidation".
The liquidator, Otunba Olutola O. Senbore, in conjunction with the
The liquidator, in an advertorial had said bidders to be considered must possess a minimum of five years of telecoms experience and have a net worth of at least
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