End of the Road: Etisalat to Change to 9mobile in 3weeks

The journey maybe good, bad and sometimes roughly ugly, how time flies and things change in twinkle of an eye. Sad story on how it begins but a beginning has an End and I should say the End has come for Etisalat Nigeria Telecommunications network as a New Company with a New Name will take over soon very soon within Couples of Weeks or I should say Ticking days.

This is as a result of debts they couldn't afford to payback hence they liquidate which ownership change hand as it will be changing its Name from Etisalat to 9mobile

Sources said the Rebranding will be effected but won't in anyway affect your Etisalat line and It's operations which can continue using Even after renaming the company from Etisalat to 9Mobile.

The Rebranding will come in three weeks time as Etisalat From its Headquarters has Ended All Agreement with the Nigerian Arms.

Reuters reported that the Chief Executive of Etisalat International, Hatem Dowidar, said the company with a 45% in the Nigerian business, is transferring its shares to a loan trustee after the talks had failed.

He has state that the Major Stakeholders in UAE  of Etisalat Nigeria has Withdrew and Left

There’s a new board and we are not part of that company. We have sent our termination letter for the management agreement,” he said.

When asked if the company will return to the country (Nigeria) anytime soon, Dowidar replied: “the train has left the station on that one. Being in that market as an investor … are we willing to risk more money compared to the reward for the long-term?

In the meantime, The Current Nigerian lenders will continue its operation until it is sold out completely or It may decide to merge with an existing Telecoms company as it was tough to think of what they will do Next.

There are two two scenarios won’t be a long-term and Taking out Etisalat, it won't be in Nigeria

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