etisalat nigeria

No fewer than 16 firms have submitted expressions of interest (EoIs) to Barclays to bid for 9mobile, Nigeria’s fourth largest network operator, THISDAY Newspaper reports. Companies that have expressed interest in 9mobile, which until recently was Etisalat Nigeria Limited,include: 1. Africa’s...

Not fewer than 3 investors have expressed interest in acquiring 9Mobile, Nigeria’s fourth largest telecoms company. The telecoms company, which recently unveiled its new logo and brand identity as 9Mobile, is said to be open to new investor that is willing to invest heavily in the telecoms...

Emerging Markets Telecommunication Services Limited , which previously traded as Etisalat Nigeria, on Tuesday confirmed changing its trading name to 9 mobile. The company ’ s new chief executive officer, Boye Olusanya, in a statement released on Tuesday, described the new name as presenting its...

Etisalat Nigeria is changing its brand name to 9mobile. TheCable, online medium dropped the hint on Thursday afternoon. The parent company, Etisalat group had given the Nigeria Telecom three weeks to drop its patent name after a messy loan issue with Consortium of Nigerian banks. More...

Emerging Markets Telecommunication Services Ltd. trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. The Vice President, Regulatory and Corporate Affairs, EMTS, Mr Ibrahim Dikko, in a statement said that EMTS was aware of...

Etisalat has terminated its management agreement with its Nigerian arm and has given Etisalat Nigeria three weeks to phase out the brand in the country. The Abu Dhabi- owned telecommunications networks took the decision after it’ s $1 . 7 bn loan talks collapsed. Chief executive of Etisalat...

I have just had a look at one of my favourite Nigerian sites, Nairametrics. The outstanding headline for me was: This why some people think Dangote is about to buy Etisalat. A quick look at the previous appointments of the newly 'minted' board of Etisalat Nigeria could be a pointer to a...

Etisalat Nigeria on Tuesday confirmed the constitution of a new board of directors. The board has Joseph Nnanna and chairman, replacing Hakeem Osagie-Bello. Boye Olusanya was appointed as chief executive officer to replace Matthew Willsher, while Funke Ighodaro was named to take over from...

Troubled Etisalat Nigeria's chief executive officer, Matthew Willsher, and the chief financial officer, Olawole Obasunloye, have stepped down, TheCable gather. The telcom, is owing consortium of banks about N541 billion, leading to a take-over attempt. Mubadala Group, the major investor...

The Central Bank of Nigeria (CBN) on Wednesday ordered the consortium of 13 banks involved in Etisalat Nigeria’s $1.2 billion loan to suspend further action on the indebtedness, including taking over ownership or management of the company. This development is coming as Etisalat Nigeria claimed...

The Federal Government on Tuesday said lenders cannot take over Etisalat Nigeria. In a statement by Tony Ojobo, Director, Public Affairs, Nigerian Communications Commission, it drew the attention of the banks to provisions of the Nigerian Communications Act (NCA) 2003 Section 38: “Sub-section 1...

One of Nigeria’s telecommunication companies, Etisalat has now been taken over by ten major Nigerian lenders. The lenders include: 1. Zenith Bank 2. GT Bank 3. First Bank 4. UBA, 5. Fidelity Bank 6. Access Bank, 7. Ecobank, 8. FCMB 9. Stanbic IBTC Bank and 10. Union Bank. The...

Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15, a statement from Abu Dhabi Securities Exchange in Abu Dhabi, United Arab Emirate stated. Etisalat Nigeria had been in talks with Nigerian banks to restructure a $1.2...

Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15, a statement from Abu Dhabi Securities Exchange in Abu Dhabi, United Arab Emirate stated. According to Premium Times, the takeover followed the collapse of the effort by...

Discussions between Etisalat Nigeria and its lenders to renegotiate the terms of a $1.2 billion loan have reached deadlock after the telecoms firm missed a payment, Sources with knowledge of the matter told Reuters. Lenders, under pressure to avoid loan-loss provisions, are pushing to finalise...

The Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN) have got reprieve for Etisalat on the loan default crisis facing the company. Mr Tony Ojobo, the Director of Public Affairs of NCC said in a statement on Saturday in Lagos, that the reprieve came following a...

The Nigerian Communications Commission (NCC) has moved to rescue Etisalat Nigeria from take over by Nigerian Banks over a loan facility totalling $1.72 billion (about N541.8 billion) obtained in 2015. Dailytrust quoted an official of the commission saying it is discussing with the Central Bank...

Premium Times is reporting that a consortium of Banks is set to take over Etisalat Nigeria over a loan facility totalling $1.72 billion (about N541.8 billion) obtained in 2015. The medium reported that despite the intervention of the Nigerian Communication Commission, NCC, to broker a peaceful...

It seems Etisalat users in Nigeria can now browse Facebook for free, with some terms and conditions attached. The service was available to Airtel users only before.

It is no longer news that data will be the new gold has the FG, through the NCC has directed mobile telecom companies to increase data tariffs. While many Nigerians have protested the decree, it seems the FG is adamant and will not revert it's stand soon In anticipation of the increase in...