A badly-timed dollar debt has put the future of Nigeria’s No.4 mobile network in doubt – Quartz


Quartz

A badly-timed dollar debt has put the future of Nigeria’s No.4 mobile network in doubt
Quartz
Etisalat Nigeria, one of the country’s four major mobile network operators has lost the backing of Etisalat Group, its Abu Dhabi-based parent company, following its default on debt repayments. Etisalat Group had held a 45% stake in the Nigerian operator.
Nigeria: Etisalat Says It ‘Consistently’ Repaid LoanAllAfrica.com
UPDATE 1-Etisalat Nigeria repaid nearly half of loan amount before defaultReuters
Etisalat Nigeria repaid nearly half of loan amount before defaultCNBCAfrica.com

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