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Etisalat Nigeria Changes Name to 9Mobile

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Etisalat Nigeria, the mobile cellular network has dropped the trade name and would henceforth be known as 9Mobile.

Though there is no official confirmation yet from the new managers of the embattled telco;  9Mobile is also expected to drop the domain name, www. etisalat. com.ng, following the ultimatum handed the Nigerian firm by Abu Dhabi based Emirates Telecommunications Corporation (ETC) also known as Etisalat.

The Abu Dhabi telco terminated its management agreement with its Nigerian arm and gave it the business time of three weeks to phase out the brand in Nigeria.

Etisalat Nigeria is trade name with which Emerging Markets Telecommunication Services Ltd. (EMTS) operated before they were sacked.

Recall the Nigerian Communications Commission (NCC) and Central Bank of Nigeria (CBN) had intervened to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed.

Hatem Dowidar, chief executive of Etisalat International told Reuters had said that, the company has given few weeks to operators of the brand to phase out Etisalat in Nigeria

The Chief Executive said the company, with a 45 percent stake in the Nigerian business, is transferring its shares to a trustee after talks to renegotiate a $1.2 billion loan failed.

Dowidar said all UAE shareholders of Etisalat Nigeria, including state-owned investment fund Mubadala, had exited the company and left the board and management.

He said discussions were ongoing with Etisalat Nigeria to provide technical support, adding that it could continue to use the brand for another three weeks before phasing it out.

“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.

Etisalat Nigeria took out the loan with 13 local lenders in 2013 to refinance an existing loan and fund expansion but struggled to repay four years later.

When asked if the company will return to the country anytime soon, Dowidar said “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?”

“Etisalat is among the top two in markets such as the UAE, Saudi Arabia, Morocco, Egypt and Afghanistan,” he said.

“(Nigerian) lenders may try to continue to operate the company until they find a buyer (or) they may merge the company with the existing players in Nigeria.

“The brand agreement in either of these two scenarios won’t be a long-term thing, so we take out the brand; in the long term Etisalat won’t be in Nigeria.”

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Telecom

NCC, CBN Query Barclays’ Transparency in Sale of 9mobile

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The handling of the sale process of 9mobile by Barclays Africa, the financial advisers, has come attack from the Central Bank of Nigeria (CBN) and the Nigeria Communications Commission (NCC), according to the Cable.

 

Barclays Bank has been saddled with the responsibility of finding investors for 9mobile based on the decision of Nigerian lenders.

 

In a joint letter to GTBank, which is the facility agent for the 9mobile syndicated loan, Umar Danbatta, the executive vice-chairman of NCC, and Godwin Emefiele, the governor of CBN, expressed displeasure with the “unwillingness of Barclays Africa” to follow due process in the bid.

 

In the letter, dated November 4, 2017, the two regulators said they made it clear from the outset that the sale process must be “transparent and fair, with the financial and technical capabilities of the final bidders without question”.

 

They said they now have “serious concerns” since the appointment of Barclays Africa as financial advisers.

 

“They have repeatedly exhibited signs of opacity in the sale process for 9mobile. Given the overriding public interest in the company and the need for transparency, we advised that Barclays advertise the call for ‘expression of interest’. Barclays declined, insisting instead that the company being a private one, should not be taken through a public sale,” they wrote.

 

“This lack of a transparent process has proven to be selective and arbitrary, leading to allegations that the process is being teleguided to a rigged and predetermined outcome. The CBN and the NCC will not fold their arms and allow this to materialise.”

 

Danbatta and Emefiele said they had received reports and petitions from various stakeholders, including some bidders, which have further heightened their concerns — but their suggestions to the board of 9mobile and Barclays on how to restore credibility to the process have been ignored.

The CBN and NCC then directed that all steps and decisions taken by the financial advisers as well as other advisers from the end of “expression of interest” must be communicated to CBN and NCC, who will have to approve in writing.

They also directed that the final bid process must be “open and transparent” in line with international best practices.

 

Danbatta and Emefiele said the December 31, 2017 deadline for the handover of 9mobile to the preferred bidders “remains sacrosanct”.

 

On Monday THISDAY reported that 1o firms have moved to the financial stage of the bid process.

 

The companies listed are: Globacom Nigeria Limited, Bharti Airtel, Alheri Engineering Limited, Smile Telecoms Holdings, Helios Towers, Centricus Capital, Africell, Abraaj Capital, Teleology Holdings Limited, Ericsson, Africa Capital Alliance (ACA) and The Carlyle Group.

 

The company formerly knows as Etisalat Nigeria changed its brand name to 9Mobile in July after the Mubadala Group, the major investor from the United Arab Emirates, pulled out of Nigeria’s fourth largest mobile operator following a N541 billion debt.

 

The debt is owed to a consortium of 10 banks, with GTBank acting as the facility agent.

 

The sale of 9mobile, with 21 million subscribers, is expected to bring in the needed capital to restore it to good health.

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Airtel Emerges ‘Best Company in Stakeholder Engagement’ at SERAS 2017

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By peter oluka

Airtel Nigeria, has been awarded the Best Company in Stakeholder Engagement at the Sustainability, Enterprise and Responsibility Awards (SERAS) 2017 for its flagship Corporate Social Responsibility (CSR) initiative dubbed Airtel Touching Lives.

Airtel Touching Lives is an inspiring CSR initiative that offers practical relief, succour, hope, opportunities and credible platforms to liberate and empower the underprivileged, disadvantaged and hard to reach persons in the society.

The activities of Airtel Touching Lives are recorded and produced for national television with a view to promoting the spirit of giving, self-sacrifice and love among Nigerians.

The award came six days after the telco bagged the CSR of the Year Award at the maiden edition of the Nigeria Technology Innovation & Telecom Awards (NTITA).

Emeka Oparah, Airtel’s director of Corporate Communications & CSR,; HR Director, Gbemiga Owolabi; Head of Public Relations, Erhumu Bayagbon; Head of Customer Experience, Olubunmi Abejirin and CSR Manager, Chioma Okolie, received the awards on behalf of the company.

Speaking at the ceremony, Oparah said the award is a testament of Airtel’s efforts at connecting with stakeholders in the various communities where it operates, noting that the telco was committed to earning its social license through its corporate philanthropy and sustainability initiatives.

The SERAS – CSR Awards is an annual project, which aims to promote as well as raise awareness about the roles organizations play with emphasis on their responsibility towards   stakeholders and the social development of Africa.

SERA aims to substantiate the case that corporations who are socially responsible stand to gain huge benefits in regards to the triple bottom line – economic, social and environmental capital.

The 11th edition of the Awards which took place in Lagos on Friday, November 17, 2017 brought together sustainability experts, public relations practitioners, brand owners and public office holders.

 

 

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NCC to Make 32 ECCs Operational- Danbatta

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Umar Garuba Danbatta, executive vice chairman, Nigerian Communications Commission (NCC) has said that his commission is working to make 32 Emergency Communication Centres (ECC) operational soon.

 

Danbatta, who stated this when a delegation from the National Agency for the Prohibition of Trafficking in Persons(NAPTIP) visited the commission headquarters in Abuja, said that only five of the 37 Emergency Communication Centres are functioning across the country.

 

The NCC boss, said the ECC Project was intended to bridge the communication gap between the distressed and emergency response agencies in the country.

 

The NCC has undertaken the task of facilitating the building and equipping ECC in all 36 states of the federation and Abuja, according to the NCC boss.

 

“All telecom operators will be mandated to route emergency calls through the dedicated three-digit toll free number, 112, from each state to the emergency centre within that state. The operators, who are resident in the ECC will then process the distress call and contact the relevant Emergency Response Agency (e.g. Fire Service, Police, FRSC, Ambulance, etc.) whose primary duty is to handle the case”, he said.

 

He said many of such centres were been built and provided with equipment across the nation in all six geopolitical zones.

 

Earlier, Dame Okah-Donli, NAPTIP DG while soliciting for the NCC’s cooperation in stopping human trafficking in Nigeria said the telecom industry regulator should help in monitoring, through technology, those behind trafficking within the country and abroad.

 

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