Home » Mobile & Telecoms » Etisalat Pulls Out of Nigeria

Etisalat Pulls Out of Nigeria

* Etisalat Says Bye Bye To Nigeria


ABU Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday.

Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed.

All UAE shareholders of Etisalat Nigeria have exited the company and have left the board and management, Hatem Dowidar said in an interview.

He said discussions were ongoing with Etisalat Nigeria to provide technical support, adding that it can use the brand for another three-weeks before phasing it out. – Reuters

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *



Check Also

Etisalat Nigeria: NCC Assures Subscribers of Network Integrity

IT NEWS NIGERIA Following our Press ...

Etisalat Nigeria Appoints New Board, Top Management

IT NEWS NIGERIA: Etisalat Nigeria today ...

Telecoms Need Right Policies, FOREX Access To Avert Collapse – ALTON

*Telecoms need right policies. *FOREX access ...

Etisalat Powers Access To Instant Loans With KwikCash

IT NEWS NIGERIA: Nigeria’s most innovative ...

Smile Excites Customers With New Device, Bonus Offers

IT NEWS NIGERIA: Smile has announced ...