Etisalat pulls out of Nigeria

Etisalat pulls out of Nigeria

Sharing is caring!Facebook2Twitter0Google+0Pinterest0 Etisalat has terminated its management agreement with its Nigerian arm and given the business ti...

Owerri bank robbery: NBA to sue Police for abandoning Sergeant Iboko’s family
(Photos)Nigerian Army Gears Up For 2017 Weapons Championship Inside Sambisa Forest
Actress Oge Okoye disables comments on her instagram page (Snapshots)

Sharing is caring!

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.

(Visited 301 times, 1 visits today)

Comments

comments

COMMENTS

WORDPRESS: 0
DISQUS: 0