Tag: Etisalat

Telecoms regulator approves Etisalat Nigeria name change

Nigeria's telecoms regulator has approved Etisalat Nigeria's name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, the company said. The...

Nigerian banks seek Etisalat Nigeria cash flow clarity before results

Etisalat Nigeria's rescue has put the country's banks in a quandary as they prepare for half-year results due this month as they do not know whether to provision for loans to the...

Etisalat pulls out of Nigeria after loan talks collapse

Abu Dhabi's 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...

Abu Dhabi’s Mubadala fund pulls out of Etisalat Nigeria

ABUJA/LAGOS (Reuters) - Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with...

Etisalat Nigeria repaid nearly half of loan amount before default

LAGOS (Reuters) - Etisalat Nigeria had already repaid $500 million of $1.2 billion in loans owed to banks before it defaulted in February due to a currency devaluation, a senior executive told...

Etisalat Nigeria loan restructuring talks fail as lenders step in

Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed.

Etisalat Nigeria talks fail

Etisalat Nigeria talks fail

Egypt’s 4G wireless frequencies ready for use – minister

Egypt has prepared the wireless frequencies needed for telecommunications companies in the country to deliver 4G mobile broadband networks.