Thursday , 14 December 2017
Home / NAIJA NEWS / Etisalat To Exit Nigeria?

Etisalat To Exit Nigeria?

ETISALAT-CVEtisalat 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.

Comments

comments

About Caleb Williams

Caleb Williams is a teenager who just loves sports. Always good for the preview, the fails, the laughs, the action and the analysis

Check Also

EFCC-CV

EFCC Recovers N11.9m For Redeemed Christian Church Of God

One of the regional Ministers of the Redeemed Christian Church of God, RCCG, Pastor Mark Barango, ...

What did you think?

%d bloggers like this: