04-07-2017 18:46 via telecoms.com

Central bank intervenes to help bail-out Etisalat Nigeria

It all seems to be going horribly wrong for Nigeria’s fourth mobile operator Etisalat Nigeria, such that the country’s central bank has had to come to the rescue.
Multiple newspapers, including Reuters, have been monitoring the developing situation. It seems EN’s financial position has been dicey for some time and last month it tried to renegotiate its debt with a consortium of banks, a process that apparently included the possibility of the banks taking ownership of the operat
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