0
Wireless

NCC to check telcos' financial and technical status after Etisalat Nigeria affair

Thursday 24 August 2017 | 09:42 CET | News
The Nigerian Communications Commission (NCC) says it has commenced a thorough check to determine the financial and technical status of all licensed telecommunications operators in the country, reports ThisDay. Director of stakeholder management at the NCC, Sunday Dare, said this was necessary to forestall any recurrence of the 9mobile occurrence, where the company became indebted to a consortium of thirteen banks that lent it USD 1.2 billion, and was unable to repay. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: 9Mobile / Etisalat Nigeria / NCC
Countries: Nigeria
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

NCC sets up inter-agency committee on R&D to boost telecoms sector

Published 15 Sep 2017 14:34 CET | Nigeria
The Nigerian Communications Commission (NCC) has started an eighteen-member inter-agency committee to apply Research and ...

9mobile introduces Moreflex bundles to boost customer experience

Published 11 Sep 2017 09:07 CET | Nigeria
Nigerian operator 9mobile has launched a Moreflex Hybrid Premium Bundles, providing prepaid packages that offer cost-effective ...

Access Bank takes impairment on 9mobile loan

Published 31 Aug 2017 09:52 CET | Nigeria
Access Bank said it had booked a NGN 4 billion impairment on its loan to telecoms firm 9mobile, formerly known as Etisalat ...

NCC mulls 100% rise in voice and data prices - report

Published 31 Aug 2017 09:49 CET | Nigeria
Subscribers will pay more for telecom services if the industry regulator yield to operators' demand for a 100 percent increase in ...

9mobile says technical fault disrupts services on 23 August

Published 24 Aug 2017 09:18 CET | Nigeria
Nigerian operator 9mobile announced that a network outage at one of its data centres caused service disruption on 23 August. It ...

9mobile seeks fresh pitch to consolidate new identity, structure

Published 21 Aug 2017 11:36 CET | Nigeria
Nigerian operator 9mobile (formerly Etisalat) plans to hire a new advertising and public relations firms to handle its PR brief ...

Nigerian banks try to stabilise 9mobile before finding new investors

Published 07 Aug 2017 10:38 CET | Nigeria
Lenders will try to stabilise the business of 9mobile, the Nigeria's fourth largest telecoms group, until new investors are ...

Etisalat Nigeria rebrands to 9mobile

Published 14 Jul 2017 09:53 CET | Nigeria
Emerging Markets Telecommunication Services (EMTS), trading as Etisalat Nigeria, has adopted 9Mobile as a new brand identify ...

Etisalat Nigeria main shareholder pulls out - report

Published 16 Jun 2017 09:05 CET | Nigeria
Etisalat Nigeria's main shareholder, Mubadala Development Company of the UAE, has pulled out its investment and headed out of the ...

Etisalat Nigeria talks to banks on debt issues

Published 09 Mar 2017 11:54 CET | Nigeria
The Nigerian Communications Commission (NCC) says it's discussing with the Central Bank of Nigeria (CBN) and some commercial ...