BEVERLY HILLS, June 20, (THEWILL) – Etisalat Nigeria on Tuesday announced changes to its shareholding at the Abu Dhabi Stock Exchange, a move that is said to be the first stage of its restructuring.
This is as negotiations with the consortium of lenders that took over the company are on-going regarding a number of possible options including the trading name during this transition phase.
The company however assured in a statement that its operations and services will remain normal to subscribers and will in no way be affected as customers are sure to get quality services.
“We will continue to tap into the rich, creative and innovative resources within our workforce to build a stronger business upon the stable foundation we have laid in our 9 years of operations,” read the statement issued by the Vice President, Regulatory & Corporate Affairs, Ibrahim Dikko.
The telco expressed, “profound gratitude to the Government, the Nigerian Communications Commission, (NCC) and the Central Bank of Nigeria for their patriotic zeal and tireless efforts at ensuring collaborative and productive engagement.
“We are also appreciative of the tremendous support we have received from the media since inception and we count on their continued support as we transition to a stronger business. We will update our stakeholders and the public on further developments shortly,” the statement read.
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