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Etisalat Takeover: NCC Assures Subscribers Of Network’s Integrity

Lagos, (An24)- Amid the move to takeover of Etisalat by a consortium of banks, the Nigerian Communications Commission (NCC) has assured subscribers that the network’s integrity would not compromised. The Director, Public Affairs of NCC, Mr Tony Ojobo, said in a statement on Wednesday in Lagos that the commission’s attention had been drawn to the…

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$1.2bn Loan: Access, GTBank, Others Get 45% Stake In Etisalat

(An24)- A restructuring of the ownership of the Nigeria arm of the UAE telecoms company Etisalat Nigeria is set to change after talks with lenders failed with respect to $1.2bn (N541bn) loan. Due to the inability of the telecoms company to meet up with the deadline to produce a structural agreement, Access Bank PLC and…

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N541 Billion Debt: Access Bank, Others Take Over Etisalat Nigeria

(An24)- A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15. The takeover followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement…

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