Etisalat Packs Out Of Nigeria As Loan Talks Fail

Published: 2017.07.10 08:59 by Admin

Abu Dhabi’s Etisalat has reportedly terminated its management agreement with Etisalat Nigeria and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International.

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, Reuters reports.




Leave a reply

Justrergy on 2017.12.31 01:18:47 Says:

Cialis Potenzmittel Testen - cialis Cephalexin Tyelenol Retin A What Strength Does Itcome It Buy Cialis Amazon 139 Ordina Kamagra A Buon Mercato Donde Se Puede Comprar Viagra Comprar Cialis Espana Sin Receta cialis price Canadian Pharmacy Viagra By Cheap Viagra Rxpillshop 20 Mg Vs 40 Mg Cialis Isotretinoin acutane - cialis El Cialis Que Es Cialis One A Day

Mirel's Team

Click here >>


Place your advert with us?

We boast of over 10k+ visits daily

Mirel's Quote Today

"The world would be happier if men had the same capacity to be silent that they have to speak."

Baruch Spinosa


Go to

Subscribe to our newsletter

You will receive daily compilations of news and gists right in your email when you subscribe to our mailing list

Help us grow our fanbase by liking us on facebook


A PHP Error was encountered

Severity: Core Warning

Message: Module 'timezonedb' already loaded

Filename: Unknown

Line Number: 0