Intercellular Nigeria, one of the leading code divisions multiple access (CDMA), telecom operators in the country is set for a rebound in the market following a new management takeover, Nigeria CommunicationsWeek can now report.
Intercellular is one of few CDMA operators with strong infrastructural base in the Kano, the financial hub of Northern Nigeria.
It had earlier held its 3rd Extra Ordinary General Meeting at the Function Room, Muson Centre, Onikan, Lagos, on March 14, 2012 which passed a resolution to transfer 70 per cent equity stake held by the Sudatel Group to new investors, Lari Com Investment Company Limited with the aim of positively turning the company around for commercial launch and into profitability.
Mr. Abdel Basit Hamza AlHassan, Chairman of Lari Com, said the take-over is to strategically harmonize the human capital and technical competencies required to fully bring the company to viability in the shortest possible time.
Mallam Ibrahim Aliyu, Chairman of Intercellular Nigeria, expressed his belief that the new core investors have the capability to bring the company to profitability by a full turnaround because they are a private sector company.
He appreciated the efforts of Sudatel who have been able to take the new state-of-art Network to 80 per cent completion with full prelaunch testing that already took place in Lagos and Abuja.