LAGOS, Nigeria—The chosen bidder to take a controlling stake in Nigeria’s Nitel was given an extra six weeks to make its final payment after missing the original deadline. Investors International London (IIL), a consortium of Nigerian businesses, traditional leaders, provincial governments and banks, missed its final US$1.17 billion payment, due 11 February.
The second-choice bidder, Telnet, backed by Korea Telecom and Swedtel, said it was no longer interested in the acquisition. Therefore, the Nigerian government granted the extension.
Nitel bidder given six-week extension for payment
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants