Subscribe to CAPtv

UP Coming "Event Update"

Donate to support our Mission

USD

Etisalat pulls out of Nigeria, issues ultimatum for name change #CAPonthRUN

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 the telecom company 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.Dowidar said discussions were ongoing to provide technical support, adding that it can use the brand for another three weeks before phasing it out.


Follow +Cityalertplus  online.
Instagram              Twitter                 Facebook 

Comments

People Also Read

D'Banj - Comment Ca Va "D'banj vs the Fedz" Lyric Video #CAPondaRUN

CAP on Google Map

Contact CAP

Name

Email *

Message *

Click DONATE to Help A child today if you CAN.