With this development, the preferred bidder now has to pay $750 million within 10 days from the date of National Council on Privatization NCP approval while the balance is expected within 60 calendar days of the council#s approval.
New Generation was trailed by Omen International Ltd with about $957 million. Others are Brymedia Consortiium $551 million, AFZ/Spectrum consortium $375.5 million and MTN which bidded for only the SAT-3 offered $25 million.