Etisalat has a 45% stake in Etisalat Nigeria (Photo Credit: Arabianeye-Reuters)
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Abu Dhabi – Mubasher: Etisalat is considering selling its stake in Etisalat Nigeria, Reuters reported.
This came after Etisalat Nigeria has defaulted on a $1.2 billion loan facility.
In 2013, Etisalat Nigeria inked the facility with 13 Nigerian banks to refinance an existing $650 million loan and modernise its network.
Etisalat has a 45% stake in Etisalat Nigeria.
Source:
Mubasher
