ABU DHABI, July 10 (Reuters) – Telecoms group Etisalat has terminated a management agreement with its Nigerian arm and given the business time to phase out the Etisalat brand in Nigeria, the chief executive of Etisalat International told Reuters on Monday.
Why did Etisalat leave Nigeria?
The exit came after Etisalat failed to agree a debt restructuring deal with leading Nigerian banks, who had lent $1.2 billion to its erstwhile Nigerian unit, Etisalat Nigeria, which is now called 9mobile.
Why did Etisalat change to 9mobile?
Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its over 20 million subscribers, government, regulatory agencies and all relevant stakeholder groups that the telecommunication company has changed its name to 9mobile as a further testament of our …
Which country owns 9mobile?
corporate information. Emerging Markets Telecommunication Services Ltd. (EMTS), trading as ‘9mobile, is a Nigerian private limited liability company. EMTS acquired a Unified Access Service License from the Nigerian Communications Commission in 2007.
What countries does Etisalat operate in?
Etisalat International Investments was the business unit of Etisalat that operated telecom operations outside the UAE and managed the corporation’s stakes in telecommunications carriers in Afghanistan, Egypt, Niger, Nigeria, Saudi Arabia, Sri Lanka and Pakistan.
What happened Etisalat network?
Etisalat has terminated its management agreement with its Nigerian arm and has given Etisalat Nigeria three weeks to phase out the brand in the country. The decision of the Abu Dhabi owned telecommunications networks resulted after the failure of its $1.7 billion loan talks collapsed.
Who bought 9Mobile Nigeria?
In November 2018, Teleology Holdings completed the acquisition of 9mobile with a reported sum of $251 million. Upon acquisition, Teleology appointed a new board with Nasir Bayero as chairman and former CTO Stephane Beuvelet as Acting Managing Director.
Who is CEO of Etisalat?
Hatem Dowidar (May 20, 2020–)
What is the new name of Etisalat?
The network formerly known as Etisalat Nigeria, will now be called 9Mobile. The new name was adopted today at the telco’s management meeting, probably in a bid to stabilize the company.
Which country owns MTN?
Raymond Sifiso Ndlovu Dabengwa. We wouldn’t know MTN group today without its former CEO – Sifiso Dabengwa. He is a Zimbabwean telecommunication executive based in South Africa. He stood behind the creation of MTN group and some media platforms still provides the information that he is the owner of MTN.
How much is 9Mobile worth?
After many hiccups spanning a year, the Nigerian Communications Commission (NCC) and Central Bank of Nigeria approved the sale of operator 9mobile to Teleology Holdings for $500 million, The Daily Times (DT) reported.
Is Du and Etisalat same company?
Emirates Integrated Telecommunications Company (Arabic: شركة الإمارات للاتصالات المتكاملة), commercially rebranded as du February 2007, is one of the two telecom operators in the United Arab Emirates (the other one being Etisalat).
|The du logo in use since 2006|
When did Etisalat start in Nigeria?
In Nigeria, Etisalat made the first official call on its network on the 13th of March 2008 in the presence of officials from the Nigerian Communications Commission (NCC) and the Senate of the Federal Republic of Nigeria.
Who is owner of 9mobile?
Alan Sinfield (Jun 1, 2020–)
What is the full meaning of Etisalat?
ETISALAT stands for Emirates Telecommunications Corporation
Information technology (IT) and computers.