Etisalat considers sale of stake in Nigerian unit - Agency

Abu Dhabi – Mubasher: Etisalat is considering selling its stake in Etisalat Nigeria, Reuters reported.

This came after Etisalat Nigeria has defaulted on a $1.2 billion loan facility.

In 2013, Etisalat Nigeria inked the facility with 13 Nigerian banks to refinance an existing $650 million loan and modernise its network.

Etisalat has a 45% stake in Etisalat Nigeria.

 

Mubasher Contribution Time: 13-Mar-2017 12:33 (GMT)
Mubasher Last Update Time: 13-Mar-2017 12:36 (GMT)