The Nigerian Communications Commission (NCC) said mobile operator Etisalat and its creditors have successfully reached an amicable resolution of key issues pertaining to the company's USD 1.2 billion in debt. The regulator said that a smooth transitional process was under way on mutually agreed terms, reports the Daily Times.
The NCC said that it was confident that the amicable resolutions reached by the parties would strengthen Etisalat’s capacity to continue to provide services to its over 20 million customers. The resolutions will help Etisalat fulfill its obligations to its other stakeholders, regardless of any changes that the parties have agreed to in Etisalat's ownership, its board and executive management.
