One of Nigeria’s major telecommunications companies, Etisalat, lost over 2.9 million subscribers in the last two quarters.
The Punch reported that as of September 2016, there were 22.5 million active subscribers on the network but the figure dropped to 20.8 million by December. This represents...
Guaranty Trust Bank Plc (GTBank) is exposed to Etisalat Nigeria to the tune of N42 billion ($138 million) via a secured loan.
According to Reuters, the Chief Executive Officer, GTBank, Mr. Segun Agbaje, who disclosed this, said the debt would be restructured.
The Nigerian affiliate of...
The Nigerian Communications Commission (NCC), in partnership with the Central Bank of Nigeria (CBN), has successfully staved off the takeover of Etisalat Nigeria telecommunications company by a consortium of banks over a loan of N200 billion.
The Executive Vice Chairman of the NCC, Prof. Umar...
Abu Dhabi telecoms group Etisalat may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2 billion loan, but wants the company’s debt restructured before it does so, it was gathered.
The Central Bank of Nigeria (CBN) and telecoms regulator, the Nigerian Communications...
Telecommunications, which is a key component of Information and Communications Technology (ICT), is currently driving economies globally, owing to its huge potentials.
But one of the telecoms operators in Nigeria, Etisalat precisely, last week, came under serious threat by its creditors who were moved to...
The Nigerian Communications Commission (NCC) has warned telecommunication providers in the country to improve the quality of their networks and stop extorting Nigerian consumers.
The regulatory agency said the body was aware of the challenges Nigerians were facing in the telecoms sector, warning that...
