Technology

New Telecomms Network To Debut In March

Chairman of the Natcom Development & Investment limited, Olatunde Ayeni has said that new telecommunication lines would hit three major cities in the country, as the company concludes plan to venture into the market by March.

He said the three pilot cities are Abuja, Lagos and Port Harcourt, which the telecom giants would debut, after its acquisition of the defunct Nigeria Telecommunication (NITEL) and Mobile Telecommunication (MTEL) through privatization process.

The revelations were made during a meeting with the House of Representatives joint committees on communication as well as that of commercialization and privatization in the Abuja. He told the committees that the sum of $1 billion has so far been injected into the revival of NITEL and its sister company, Mtel acquired by NATCOM under guided liquidation.

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