Etisalat Pulls Out Of Nigeria After Loan Talks Collapse


Abu Dhabi’s Etisalat is pulling out of Nigeria after an intervention by Nigerian regulators to save Etisalat Nigeria failed. All UAE shareholders of Etisalat Nigerian have left the board and management of the company.

Discussions are ongoing between the UAE shareholders and Etisalat Nigeria to provide technical support. Etisalat Nigeria is allowed to keep using the Etisalat brand but only for the next three weeks before it is phased out.

Below is how Reuters is reporting it:

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.

Related posts

112 Thoughts to “Etisalat Pulls Out Of Nigeria After Loan Talks Collapse”

  1. https://myspace.com/jorge.davidson

    […]usually posts some quite intriguing stuff like this. If you’re new to this site[…]

  2. https://www.diigo.com/user/jonalbasser

    […]we like to honor quite a few other world-wide-web web pages around the net, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  3. Google

    One of our visitors not too long ago suggested the following website.

  4. beegbbw

    […]Sites of interest we’ve a link to[…]

  5. travel

    […]one of our guests a short while ago recommended the following website[…]

  6. linkin park crawling traduction

    […]usually posts some quite interesting stuff like this. If you are new to this site[…]

  7. ерка

    […]just beneath, are numerous entirely not related web-sites to ours, on the other hand, they may be certainly worth going over[…]

  8. online virtual card for bill payment

    […]check beneath, are some absolutely unrelated sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

  9. Google

    Here is a good Blog You may Locate Exciting that we encourage you to visit.

  10. Now it’s time to decide your specific investments.

  11. Hmm it seems like your website ate my first comment (it was extremely long) so I guess
    I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.
    I too am an aspiring blog blogger but I’m still new to everything.
    Do you have any tips and hints for beginner blog writers?
    I’d definitely appreciate it.

  12. hi!,I really like your writing so a lot! proportion we be in contact extra approximately your post on AOL?
    I require a specialist on this area to unravel my problem.
    Maybe that is you! Having a look ahead to see you.

Leave a Comment