9Mobile Telecom Takes Over Etisalat Nigeria

Our Reporter

After the much ado, Etisalat Nigeria eventually finalized the process for its change of name following the ultimatum issued it by its recently departed international partner, Etisalat International, who has rights to the brand. The company will now be known as 9Mobile Telecom.

 

Emerging Markets Telecommunication Services Ltd. (EMTS), operating as Etisalat Nigeria, had said “discussions are on-going between EMTS and Etisalat Group pertaining to the continued use of the brand, and EMTS will issue a formal statement once discussions are concluded”.

 

United Arab Emirates-based Mubadala Group, Etisalat Nigeria’s major investor with 45 per cent stake, had only a few weeks ago withdrawn its investment from the company owing to the failure to resolve a N541 billion debt with a consortium of Nigerian banks.

 

In a bid to steady ship and plan for smooth transition, Etisalat Nigeria which has about 21 million subscribers, had on July 4, 2017, appointed a new board after reallocation of shares. Boye Olusanya, former Deputy Managing Director of Celtel Nigeria (now Airtel Nigeria), was appointed as the Chief Executive Officer of Etisalat Nigeria to oversee the transition.

 

The transition was brokered with the support of the Central Bank of Nigeria (CBN) and National Communications Commission (NCC).

 

About Time Nigeria

Abdul Rahman Aliagan is an Abuja-based seasoned Journalist who has spanned over a decade in the profession. My flare for Investigation has earned me a niche and more on the profession. Presently, I am the National Publicity Secretary, Guide of Investigative Journalists, an umbrella body for the curious journalists in Nigeria. I am a student of History from the Better By Far University, University of Ilorin, Ilorin, Kwara State, Nigeria, I was born in late 70s. I started my Journalistic career with The Herald Newspaper, in 1997 and moved my career to Funtua, Katsina State as a Media Assistant to a Non-Governmental Organization, Pan-African Development Education and Advocacy Programme (PADEAP) where I later joined the service of Newspeg Newspaper as a Senior Correspondent and became the pioneer Editor as it transformed to Magazine. However, close to two decades uninterrupted experiences gave birth to Time Nigeria Magazine that is setting Economic and political pace for the most populated country in African continent, Nigeria.

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