The consummation of talks between Transnational Corporation and Vodacom may have to wait until the Bureau of Pubic Enterprises decides which investor takes control of 24% stake in the Nigerian Telecommunications Limited.
Transcorp, which had been offered 75% equity in NITEL on July 3, 2006 for $750m, ended up with 51% when it could not make full payment after a period of grace it granted by BPE.