Tag: ETISALAT

Etisalat: Govt Intervened To Protect Jobs, Subscribers, By Minister

Filed in News by on July 26, 2017 0 Comments
Etisalat: Govt Intervened To Protect Jobs, Subscribers, By Minister

Minister of Communications, Mr. Adebayo Shittu, says Federal Government has stepped into the crisis presently faced by Etisalat to save Nigerian employees and subscribers. A statement by Mr. Henshaw Ogubike, Deputy Director, Press, the minister spoke when members of the new management of 9Mobile network provider visited him yesterday in Abuja. He tasked the management […]

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Etisalat: New CEO Eyes Profit

Filed in Business by on July 12, 2017 0 Comments
Etisalat: New CEO Eyes Profit

• NCC: crisis took us by surprise Etisalat Nigeria is focused on getting the telecoms group back on track to make a profit after it was saved from collapse, while working on the paperwork to eventually raise new capital. “Our mandate is to make sure the business runs as profitably as it can. What is […]

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Etisalat To Quit Nigeria

Filed in News by on July 11, 2017 0 Comments
Etisalat To Quit Nigeria

•Management pact terminated Telecoms giant Etisalat International has withdrawn from Nigeria, its Chief Executive Officer (CEO) Hatem Dowidar said yesterday. The withdrawal may not be unconnected with Etisalat Nigeria’s indebtedness to a consortium of banks. The firm has terminated its management agreement with its Nigerian subsidiary, Dowidar said. Etisalat Nigeria has three weeks to stop […]

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Etisalat, Banks Agree On Payment Terms

Filed in News by on July 5, 2017 0 Comments
Etisalat, Banks Agree On Payment Terms

•CBN chief is chairman •NCC: smooth transition on Troubled mobile operator Etisalat Nigeria has got a new chairman. He is Central Bank of Nigeria (CBN) Deputy Governor Dr. Joseph Nnanna. In a statement, the firm also announced Mr Boye Olusanya, a former Deputy Managing Director of Celtel Nigeria (now Airtel Nigeria) as its Chief Executive […]

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Debt: Etisalat Gets Reprieve Following NCC, CBN Intervention

Filed in Business by on March 13, 2017 0 Comments
Debt: Etisalat Gets Reprieve Following NCC, CBN Intervention

Reprieve came for Etisalat Nigeria on Friday following a meeting convened by the Central Bank of Nigeria and the Nigerian Communications Commission to find a quick resolution of the loan default crisis facing the mobile network operator. The NCC said on Sunday that the meeting succeeded in halting the attempt by Etisalat’s creditors to subject […]

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