Share This Post

Business

Etisalat Finally Exit Nigeria After Collapse In Loan Negotiation Talks

Etisalat Finally Exit Nigeria After Collapse In Loan Negotiation Talks

Nigerian communications regulators last week concluded re-negotiation talks with Etisalat Nigeria and its creditors so as to save the company from collapse following its failure to pay up a $1.2 billion loan.

However, Etisalat International Chief Executive has confirmed that the Abu Dhabi company has drawn to a close, its management deal with its branch in Nigerian and is consequently allowing for the brand of the business to phase out in the country.

UAE Shareholders of the Telecoms company in Nigeria have now left the company.

It is said that there are ongoing discussions with the company for the provision of technical support for atleast 3 weeks before it finally phases out.

Facebook Comments

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Register