Tag: Etisalat Group
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Etisalat Nigeria changes brand name to 9Mobile
Following the tales and woes of Etisalat Nigeria’s $1.2 billion loan owned a consortium of 13 Nigerian banks, finally, the troubled telecoms firm has changed its brand name to 9Mobile. TheNewsGuru reports the new brand name, 9Mobile, was adopted by a sitting of the executives of the telecoms firms today in Lagos after due deliberation.…
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Job loss: NCC addresses Etisalat Group 3 weeks ultimatum to EMTS
…allays fears of operation disruption The Nigerian Communications Commission (NCC) has addressed the Etisalat Group three weeks ultimatum given Emerging Markets Telecommunication Services (EMTS) for it to change brand. The telecoms regulator vowed to protect the company from possible collapse in its operations, and assured there would be no job loss. The Commission allayed the…
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EMTS says Etisalat Nigeria Experience Centres still in full operation
Emerging Markets Telecommunication Services Ltd. (EMTS), trading as Etisalat Nigeria, on Tuesday said its Experience Centres were still in full operation. Mr. Ibrahim Dikko, the Vice-President, Regulatory and Corporate Affairs of EMTS, made this known in a statement in Lagos. Dikko said: “We wish to state that all Etisalat offices, Experience Centres and outlets across…
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Etisalat Nigeria: Subscribers apprehensive as firm’s crisis deepens
Subscribers on the Etisalat network have become apprehensive as the crisis rocking the “Not Just a Network, It’s an Attitude!” telecoms firm shows no signs of an end. The protracted $1.2 billion debt crisis has left UAE-based Etisalat Group, which gave Emerging Markets Telecommunication Services (EMTS) the right to operate in Nigeria as Etisalat Nigeria,…
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We have subsisting agreement to use Etisalat as brand name in Nigeria – EMTS
The management of Emerging Markets Telecommunication Services, EMTS trading in the country as Etisalat Nigeria has said it has a subsisting agreement for the continued usage of the brand name. The management of the company said this in reaction to the three weeks ultimatum given it by United Arabs Emirate-based Etisalat Group to stop the…
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Etisalat debt predicament: 13 Banks’ shareholders mount huge pressure
…ask telecoms firm to clear debt Shareholders of the 13 banks involved in the N1.2 billion loan for Etisalat Nigeria have asked the telecoms company to pay up its debt in order to guarantee the payment of annual dividends. The shareholder group told the News Agency of Nigeria in Lagos on Tuesday that the company…
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Etisalat Group willingness to release brand name conditional
United Arab Emirates-based Emirates Telecommunications Group Company (Etisalat Group) might be unwilling to release the Etisalat brand to the consortium of banks, except the banks are prepared to fulfill certain conditions. Emerging Markets Telecommunication Services Limited (EMTS), operating as Etisalat Nigeria, is using the brand name after a contractual agreement with the UAE-based telecoms giant,…
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Consortium of banks takes over Etisalat Nigeria
After talks of Etisalat Nigeria debt restructuring plan reached stalemate, a consortium of banks will effective June 23 take over the business of Etisalat Nigeria. The parent company of Etisalat Nigeria, Etisalat Group, announced the takeover on Tuesday in a filing to the Abu Dhabi Securities Exchange in Abu Dhabi, United Arab Emirate. The filing,…