Association of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company. A management source close to the banks who pleaded anonymity said in Lagos that there was no truth in the report making the round. The source said that the banks’ major interest […]
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Etisalat Nigeria has initiated changes to its shareholding structure after talks with lenders to restructure a $1.2 billion debt failed, the company said on Tuesday. The telecoms firm has been in talks with Nigerian banks to restructure its loan after missing repayments but those discussions failed to produce an agreement, Abu Dhabi listed Etisalat said. […]
Read More Etisalat Nigeria has said it is expecting the closure of discussion about the resolution of issues around its $1.2billion indebtedness to a consortium of local lenders this week. Its Vice President, Regulatory & Corporate Affairs, Ibrahim Dikko, said the telco was aware of news reports that Mubadala Development Company, the majority shareholder of the company, […]
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