Why parent firm, Etisalat UAE is helpless on Etisalat Nigeria’s N537bn debt
Though the Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat, is in talks with 13 Nigerian banks to renegotiate the terms of a $1.2 billion loan, the profit it recorded in the recent results released at the Abu Dhabi Exchange…
AMCON, banks, foreign investors’ line up for hostile acquisition of debt-ridden Etisalat
The state of non-performing loans and chronic debt profile of hitherto bustling telecoms giant, Etisalat has started to elicit takeover discussions amongst three set of groups including the traditional bad debts buyers, Asset Management Company of Nigeria (AMCON), banks and…
