Etisalat may exit Nigeria over debt default

Etisalat may exit Nigeria over debt default

Abu Dhabi telecoms group Etisalat may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2 billion loan, but wants the company’s debt restructured before it does so, it was gathered yesterday. The Central Bank of Nigeria (CBN) and telecoms regulator, the Nigerian Communications Commission (NCC) on Friday agreed with local banks to […]

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Source: Etisalat may exit Nigeria over debt default

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