Stella Dimoko Korkus.com: Etisalat Exits Nigeria?

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Tuesday, 11 July 2017

Etisalat Exits Nigeria?

Report says Restructuring of the loan failed....






Etisalat has ended its management contract with its Nigerian arm.

It announced on Monday that it was pulling out of Nigeria as all UAE shareholders of the company had left the country and exited the board and management of the Nigerian brand.


The decision of the Abu Dhabi owned telecommunications networks resulted after its $1.7 billion loan talks collapsed.

Chief executive of Etisalat International, Hatem Dowidar, said that there was no need for the brand in Nigeria after the collapse of the loan talks.

He said that Etisalat Nigeria had been given three weeks to phase out the brand in the country.

Dowidar said: “discussions are ongoing with Etisalat Nigeria to provide technical support. Meanwhile, it can use the brand for another three-weeks before phasing it out.”

Nothing was said about how this will affect the network and its integrity as million of Nigerians are subscribed to the network.

However, it could be recalled that the Nigerian Telecommunications Commission (NCC) assured that the network’s integrity would not be compromised amid the loan disagreements.

text from dailypost

What Loan caused them to exit?

20 comments:

  1. They shoukd please leave already. There network is to expensive. Both data and call rate. Their Internet service is good but if you see the way they zap our thay data, you will not believe it

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    Replies
    1. I just wish "Empty Hen" can just leave once and for all... I go dance


      As for Airtel, una dey try


      Glo.... Wetin we go with una? Nothing.. As you be Nigerian




      @Anonymous Orubebe

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    2. On point 👌

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    3. On point 👌

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  2. So sad. I hope the new management will not lose subscribers.

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  3. No how, It will definitely affect its users abi subscribers. Too badt!

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  4. Hnmmm Lord save this economy from unemployment. This is why crime rate keeps increasing.

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  5. All I can say is Mtn don do them

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  6. Oh no!One of the best networks in Nigeria.
    What will happen to their staff?
    Don't even know where my MTN sim is sef.

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    Replies
    1. Since I saw the headline I've been asking the same question about their staff, subscribers can easily sort themselves out.

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  7. Too bad I hope this is not going to worsen the unemployment situation in the country.

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  8. Bad news, what will now happen to their staffs? See gobe.

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  9. Who Dem epp... Pack ur load and go,no leave ur ghana must go...
    I have stopped recharging on their line since last year, the rate at which Dem dey take comot person money is alarming.... Waka go
    'Empty hen' don't forget to follow suit ooo

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  10. What will now happen to Nigeria idol that they were sponsoring ?

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  11. I so pity their staff in all of this

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  12. It's the ownership that is changing. It is good news for Nigeria as that will birth the existence of a second indigenous network. The staff are safe. Uwc

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  13. I feel for them

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  14. Great data service. 'Will surely miss them. As for the staff, God is on the throne! Concerning subscribers, NCC, shd speak up.

    ReplyDelete

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