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Etisalat Begins Exit From Nigeria - Business - Nairaland

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Etisalat Begins Exit From Nigeria by UrbanNGCom: 2:48pm On Jul 11, 2017
Etisalat International on Monday said it had terminated a agreement with its Nigeria Unit , saying that it had given the business about three weeks to phase out the Etisalat brand in the country.

The Chief Executive Officer, Etisalat International, Haten Dowidar, told Reuters that the exit process became necessary given that the firm had been unsuccessful at converting some of its dollar debts to naira.

The Nigerian Communications Commission and the Central Bank of Nigeria had recently intervened to save Etisalat Nigeria from collapse after it failed to pay the remaining $589m from a $1.2bn loan it took from a consortium of 13 banks.

Full Story Here:: http://www.urbanng.com/2017/07/etisalat-begins-exit-from-nigeria.html?m=1
Re: Etisalat Begins Exit From Nigeria by Temitoppe(m): 2:57pm On Jul 11, 2017
eya watin we go call this one now..EtXit( Etisalat Exit)
Re: Etisalat Begins Exit From Nigeria by UrbanNGCom: 3:02pm On Jul 11, 2017
Temitoppe:
eya
watin we go call this one now..EtXit( Etisalat Exit)
this matter really don't concern you grin cheesy
Re: Etisalat Begins Exit From Nigeria by Nbote(m): 3:26pm On Jul 11, 2017
Its jus a change of name ... Dey already withdrew shareholders and board involvement long ago...

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