Tag archive for ‘Etisalat’
Etisalat
By metro On Wednesday, July 26th, 2017
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Etisalat’s Q2 net profit up 6 pct, subscriber base up 2 pct

United Arab Emirates-based telecoms operator Etisalat said on Wednesday it posted a 6 percent increase in second-quarter profit from a year earlier. Etisalat, which recently pulled out of Nigeria, made a net profit More...

By metro On Wednesday, July 19th, 2017
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Telecoms regulator approves Etisalat Nigeria name change

Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent pulled out following regulatory intervention to save the local company from collapse due to debt, More...

Etisalat
By metro On Friday, July 14th, 2017
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Etisalat Nigeria changes name to 9Mobile

Embattled telecommunications provider, Etisalat Nigeria has changed its name to 9Mobile following the pull out of Etisalat International. Etisalat in Abu Dhabi pulled out of Nigeria on Monday and gave the telecoms More...

Etisalat
By metro On Monday, July 10th, 2017
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Etisalat pulls out of Nigeria after loan talks collapse

Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria, the chief executive of Etisalat International told Reuters More...

Etisalat
By metro On Monday, July 10th, 2017
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Etisalat terminates management, technical supports with EMTS Nigeria

Emirates Telecommunications Group Co * Says group terminates management and technical supports with EMTS Nigeria with effect from June 30 * Says termination of agreements governing use of Etisalat’s brand More...

Etisalat
By metro On Tuesday, June 27th, 2017
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Banks’ shareholders push for takeover of Etisalat

Some shareholder groups in the nation’s capital market on Tuesday urged Etisalat Nigeria to settle the N1.2 billion debt it owed 13 commercial banks to avoid  a takeover. A cross section of the shareholder groups More...

Etisalat
By metro On Thursday, June 22nd, 2017
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Etisalat Nigeria repaid $500m of loan amount before default

Etisalat Nigeria had already repaid $500 million of $1.2 billion in loans owed to banks before it defaulted in February due to a currency devaluation, a senior executive told Reuters on Thursday. Talks between Etisalat More...

Etisalat
By metro On Tuesday, June 20th, 2017
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Etisalat Nigeria loan restructuring talks fail as lenders step in

Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the Abu Dhabi telecoms company said on Tuesday. Etisalat Nigeria More...

Etisalat
By metro On Friday, June 16th, 2017
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Etisalat Nigeria works with investor Mubadala and lenders to resolve debt woes

Telecoms company Etisalat Nigeria is working with its lenders and Abu Dhabi state investment fund Mubadala, the second-largest shareholder in the business, to resolve debt woes it said were caused by a devaluation More...