Etisalat has terminated its management agreement with its Nigerian arm and Etisalat Nigeria has been given three weeks to phase-out the brand in the country. This was as a result of the $1.7 billion loan talk collapse.
Nigerian regulators intervened last week to save Etisalat Nigeria from crashing after lenders were calling for the probe and total takeover of the company.
However, Etisalat International announced on Monday that it was pulling out after all UAE shareholders of the company have exited and left the board and management of the Nigerian brand.
Etisalat Nigeria has just three weeks to use the brand name, after which it'll have to change it to something else or other companies will buy it off.
For now, we don't know what will happen to the millions of subscribers on the network.
However, Etisalat International announced on Monday that it was pulling out after all UAE shareholders of the company have exited and left the board and management of the Nigerian brand.
Etisalat Nigeria has just three weeks to use the brand name, after which it'll have to change it to something else or other companies will buy it off.
For now, we don't know what will happen to the millions of subscribers on the network.
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