Tuesday, 11 July 2017

Farewell: Etisalat Ready To Exit Nigeria Within 3 Weeks -Checkout Why

Since some banks took over Etisalat Nigeria, it hasn't really gone well with the Big Telco Company. There have been fears that the end is near for Etisalat Nigeria. Although the late response to the debt of $1.2bn has erupted all this and the Abu Dhabi-based company wants an exit out of Nigeria.

Etisalat Group in June informed Abu Dhabi Securities Exchange of Etisalat Nigeria failure to reach an agreement on the restructuring of the deal which the Central Bank of Nigeria (CBN), Nigerian Communications Commission and Officials of Telcos resolve the debt after they met June 21.

Nine days later, Former Chairman of Etisalat Nigeria Mr Hakeem Bello Osagie resigned as Chairman of Etisalat Nigeria following the approval of restructuring the plan for the company.

Yesterday, the company demanded that its brand name (Etisalat Nigeria) should be phased out within 3 weeks. According to Etisalat's International Chief Executive Officer, Mr Hatem Dowidar, the company had terminated its management agreement with Etisalat Nigeria. He also added that talks are ongoing with Etisalat Nigeria to provide Technical support for the next 21 days before it brand name is phased out.

We are really going to miss their fast network and free browsing cheats. Etisalat really have to do something as quick as possible before all Etisalat tags and labels will be removed from our blog.

Again we don’t know what will happen to about 21 million Etisalat subscribers.

Well, what do you have to say about Etisalat leaving Nigeria in 3 weeks time?

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