A major US manufacturer and software developer of telecommunications equipment has said it is in final negotiations to provide digital wireless telephone networks to the five states of Nigeria. But Cyber Digital Inc. has also said it wants payment guarantees before it proceeds on the contracts worth a total of US$35 million.

The five states have accelerated their capital appropriation plans for Cyber Digital to provide fixed wireless exchanges, each capable of handling between 3,000 to 10,000 subscriber lines.

Cyber Digital expects to finalise contracts with these states in the second part of 2001 and says payment terms for the contracts has been accepted as 50 per cent cash-in-advance and the remaining balance paid through an irrevocable confirmed letter of credit.

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