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Tag Archives: Etisalat Nigeria

Etisalat claims 42% debt cleared, chides reports of investigation on use of loan

In continuation of the drama and counter claims trailing the final fight for the soul of Etisalat Nigeria, the company claimed on Thursday that about 42 per cent (about $504 ...

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New twist as banks seek forensic investigation on how Etisalat used $1.2bn loan

Etisalat

Fresh strange developments seem to be trailing the ongoing determination of the destiny of embattled telecoms group, Etisalat this week. Latest on Wednesday indicates that the consortium of 13 banks, ...

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Game over as 13 banks now part owners of Etisalat, new ownership structure underway

After weeks of lifeless battle and semantics to maneuver 13 lion-eyed Nigerian banks, indication emerged Tuesday evening that the end game has been won and lost as struggling telecoms group, ...

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Banks yet to consider Etisalat’s parent group’s proposal on debt restructuring

It is not yet uhuru for Etisalat Nigeria as the new deal proposed by its core investors, the Etisalat Abu Dhabi, is yet to be considered by13 creditor banks. Business ...

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Etisalat reacts, denies collapse of talks with banks on loan repayment

Etisalat nigeria

In view of the barrage of news reports showing that banks are not very comfortable on the direction and slow process of talks with Etisalat Nigeria in the repayment of ...

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More confusion for Etisalat Nigeria as deadlock trail loan repayment talks with banks

Etisalat

Indication has emerged showing that the loan-ridden telecoms, Etisalat Nigeria is not yet out of the woods as moves to renegotiate the $1.2 billion defaulted loan with Nigerian banks has ...

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Etisalat bags ISO 14001:2004 EMS certification

As a proof of its commitment to excellence and global best practices, Etisalat, has been awarded the prestigious ISO 14001:2004 EMS international standards certification. The certification makes Etisalat the first ...

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Relief underway for Etisalat as NCC rallies CBN, affected banks Friday for talks

Etisalat nigeria

The Nigerian Communications Commission (NCC) has made apparent inroad over the possible amicable settlement of the multi-billion non-performing loans owed three banks by Etisalat Nigeria. This indication is coming after ...

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