Nigerian Senate Probes Etisalat's U.S.$1.2 Billion Debt
Etisalat Nigeria, now called 9Mobile, took out a syndicated loan from 13 Nigerian banks but failed to make repayments earlier this year.
An Etisalat Office
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Nigeria:
Senate Wades Into Etisalat $1.2 Bn Debt Crisis
This Day, 25 October 2017
The Senate has waded into the $1.2 billion Etisalat debt crisis, with a mandate to its Committees on Banking, Communications, Capital Market and National Security to investigate… Read more »
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Nigeria:
Senate Probes Etisalat's $1.2 Billion Debt
Premium Times, 24 October 2017
The Senate on Tuesday resolved to intervene in the $1.2 billion debt crisis rocking Nigerian telecommunications company, Etisalat, now known as 9mobile. Read more »
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Nigeria:
MTN, Airtel, Ntel, 13 Other Firms Scramble for 9Mobile
This Day, 23 October 2017
The scramble to acquire 9mobile, Nigeria's fourth largest network operator, promises to be very competitive, as 16 firms have submitted expressions of interest (EoIs) to Barclays… Read more »
InFocus
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The consortium of 13 banks which loaned U.S.$1.2 billion to Etisalat Nigeria wants the government, through the Economic and Financial Crimes Commission, to investigate what ... Read more »
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At end of a crucial management meeting of the telecom firm in Lagos, 9Mobile was unanimously adopted as a new brand name. The decision followed Emirates Telecommunications Group's ... Read more »