Etisalat takeover: NCC assures subscribers of network’s integrity

The Nigerian Communications Commission (NCC) has assured Etisalat subscribers that the network’s integrity would not compromised.

The assurance is coming after a consortium of banks took over the management of the telecommunications company over a debt.

Director, Public Affairs of NCC, Tony Ojobo, said this in a statement on Wednesday in Lagos.

Ojobo said that the regulatory body was aware of the indebtedness of Etisalat to the consortium.

He said the NCC and the Central Bank of Nigeria (CBN) have held meetings with the banks, Etisalat and other stakeholders.

“Regrettably, these meetings did not yield the desired results.

“The NCC wishes to reassure about 21 million Etisalat subscribers that it will do all within its regulatory power to ensure that Etisalat subscribers continue to enjoy the services provided by the operator.

“The commission has taken proactive steps to cushion the impact of the takeover; this is without prejudice to the ongoing effort between Etisalat and the banks toward a negotiated settlement.

“NCC wishes to reassure all stakeholders in the telecommunications sector, in particular the subscribers on the Etisalat network, that it will ensure that the integrity of the network is not compromised.’’

The director said that while the banks and Etisalat were working at resolving the issues, the commission assured that subscribers would continue to enjoy the services provided by the telecommunications company.

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