Etisalat has reportedly terminated its management agreement with Etisalat Nigeria, giving three weeks to phase out the brand in the country. The Abu Dhabi-owned telecommunications networks took the decision after it’s $1.7 billion loan talks collapsed, Punch reports. Chief executive of Etisalat International, Hatem Dowidar said on Monday that the there was no need for the... Read More
The Nigerian Communications Commission (NCC) says Etisalat Nigeria and its creditors have successfully reached a resolution to the $1.2 billion loan. The Director, Public Affairs of the NCC, Tony Ojobo said in a statement in Lagos on Tuesday that a smooth transitional process was currently ongoing on mutually agreed terms. Ojobo said that the commission... Read More
The Chairman of Etisalat Nigeria, Hakeem Bello Osagie, has resigned his position following the approval of a restructuring plan for the telecommunications firm. Vanguard reports that the resignation takes effect immediately. “Although the chairman had planned to leave immediately the banks made the take-over move, he opted to tarry until a road map for the... Read More
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