AllAfrica.com reported Feb. 17 that bidders from the United States and China are among the leaders seeking equity participation in a proposed communications satellite for Nigeria. The report states that 40 percent equity in the satellite will be awarded to local and international private sector operators, with the remaining stake going to the Nigerian government. Investors from the United States and China are proposing to invest between $200 million and $300 million into the project, the report stated.
U.S., China Looking To Invest In Nigeria Satellite Project
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