New Name for Etisalat Nigeria, as Parent Withdraws

Etisalat Nigeria will cease to exist by the end of this July.

The Abu Dhabi-owned telecommunications company has terminated its management agreement with its Nigerian arm, after the collapse of loan talks, said CEO of Etisalat International Hatem Dowidar on Monday.

Etisalat Nigeria has three weeks to phase out the brand in the country.

Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed.

With new owners, Etisalat Nigeria will likely bear a new name. Many of its workers may also be retrenched.

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