30 results
- 26 Jun 2017
Mubadala Fund Pulls out of Etisalat Nigeria
Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to renegotiate a $1.2 billion loan taken out four years ago with 13 Nigerian banks, the…
- 17 Jun 2017
Etisalat Reaffirms Commitment to its Bank Loan Negotiations
Etisalat Nigeria is aware of news reports to the effect that Mubadala Development Company, the majority shareholder of the company is exiting the business. Whilst it is premature at this stage of the…
- 19 Jun 2017
Etisalat Woes Deepens over $1.2Bn Debt
The fate of Etisalat Nigeria, the fourth largest telecommunications network operating in the country, hangs in the balance as the telecom giant battles to pay its creditors, according to the Nation.…
- 19 Mar 2024
Moove Secures USD $100 Million Series B Round
Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, today announces that it has raised $100 million in a Series B funding round, valuing the…
- 8 Sept 2008
Etisalat to Ring Commercial in 2 Weeks
Etisalat, Nigeria’s fifth Global System for Mobile (GSM) communications operator, is to launch commercial operations in two weeks, Nigeria CommunicationsWeek investigations can now reveal.…
- 15 Jan 2014
Etisalat Hires Standard Bank for Nigeria Tower Sale
Etisalat, the Gulf's top telecom operator, has hired Standard Bank as an advisor for the planned sale of transmitter towers by its Nigerian affiliate, three banking sources aware of the matter said.…
- 18 May 2015
Intercellular Plans Comeback as Telto Group Acquires Stake
Telto Group, a Middle East investment conglomerate has secured 70 percent stake in Intercellular, the foremost Code Division Multiple Access (CDMA) operator in the country and hope to positively turn…
- 1 Nov 2016
Eutelsat Boosts Africa Broadband Programme with Multi-Year Capacity Agreement with Yahsat
Eutelsat Communications and Yahsat, the Abu Dhabi-based international satellite operator, have signed a multi-year capacity agreement giving Broadband for Africa, Eutelsat’s African broadband…
- 17 Mar 2017
Banks Reject Etisalat’s Naira, Want Dollars for Loan Repayment
Nigerian banks have opposed a proposal by Etisalat Nigeria to convert part of a $1.2 billion loan from dollars into naira and want Abu Dhabi telecoms group Etisalat and its other shareholders to…
- 10 May 2017
Etisalat Nigeria Loan Talks with Banks Deadlocked
Talks between Etisalat Nigeria and its lenders to renegotiate the terms of a $1.2 billion loan have reached deadlock after the telecoms firm missed a payment, two sources with knowledge of the matter…
- 1 Jul 2017
Osagie, Etisalat Chairman Steps Down
Mr. Hakeem Bello Osagie, chairman, Emerging Markets Telecommunication Services Limited, doing business as Etisalat Nigeria, has resigned his appointment following the approval of a restructuring plan…
- 27 Jul 2017
9Mobile Begs for Concessions to Boost Revenue
Boye Olusanya, CEO, 9mobile, the mobile operator formerly known as Etisalat Nigeria, has asked the Nigerian Communications Commission (NCC), telecoms regulator for concessions on spectrum and foreign…
- 10 Jul 2017
Etisalat to Pull out of Nigeria in 2 Weeks
Abu Dhabi’s Etisalat has terminated its management agreement with its Nigerian arm and given the business time to phase out the brand in Nigeria. Hatem Dowidar, the chief executive of Etisalat…
- 13 Jul 2017
Etisalat Nigeria Changes Name to 9Mobile
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…
- 16 Jul 2017
Etisalat: Bello-Osagie Plots Comeback, ‘9Mobile’ A Transitory Name
The battle for the soul of Etisalat Nigeria (now rebranded 9Mobile) has reached a crescendo as Nigeria CommunicationsWeek investigations showed that Mr. Hakeem Bello-Osagie, former chairman, has…
- 23 Jul 2017
BUA Group, Others Race to Buy 9Mobile
BUA Group, Virgin Mobile from the United Kingdom and Vodacom of South Africa are some of the companies in the running to buy 9Mobile, formerly Etisalat Nigeria. A few others have also signified…
- 26 Jul 2017
NCC Intervened in 9Mobile to Protect Investors, Staff and Subscribers
Nigerian Communications Commission (NCC), took the interest of investors, subscribers and employees of Etisalat into consideration to align with the Central Bank of Nigeria (CBN) in order to resolve…
- 25 Oct 2017
Senate Mulls Probe of Etisalat Nigeria Loans
The senate plans to vote on a motion to investigate the use of $1.2 billion in loans taken out by telecoms firm Etisalat Nigeria, now called 9mobile. The motion if passed would mandate a…
- 21 Nov 2017
NCC, CBN Query Barclays’ Transparency in Sale of 9mobile
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),…
- 1 Jan 2018
NCC Extends Sale of 9mobile
The sale process of 9mobile will now be concluded on January 16, 2018 following an approval of the extension of the deadline by the Nigerian Communications Commission (NCC), TheCable can report.…
- 20 Jan 2018
9mobile: Airtel Pulls Out of Bid as Glo, Helios Fail to Name Price
Airtel Nigeria did not submit a final bid for 9mobile despite being on the shortlist of five, according to TheCable. Also, although Globacom and Helios Investment Partners LLP submitted bids,…
- 27 Jan 2018
Adrian Wood’s Teleology Buys 9mobile in $500m Deal
Teleology Holdings, a special purpose vehicle promoted by Adrian Wood, a former chief executive officer of MTN Nigeria, has been selected as the preferred bidder of 9mobile, according to New…
- 24 Feb 2018
$1.2bn Debt: 20m 9mobile Subscribers May Be Cut Off
Some 20 million Nigerians who are subscribers of 9mobile (formerly Etisalat) may be cut off in 2022 as a result of the complications arising from the $1.2 billion loan default by the telco to a…
- 18 Apr 2019
Court Dismisses Suit on Sale of 9mobile
A Federal High Court in Ikoyi, Lagos, on Wednesday dismissed a suit filed by Spectrum Wireless Communications Limited against Emerging Markets Telecommunications Services (EMTS), owners of 9mobile,…
- 27 Nov 2023
NATCOMS Asks NCC to Stop MTN from Acquiring 9Mobile
National Association of Telecoms Subscribers (NATCOMS) has called on the Nigerian Communications Commission (NCC) to stop MTN from acquiring Emerging Markets Telecommunications Service Limited…
- 10 Aug 2026
Moove Achieves Unicorn Status With $250m Funding
Mobility technology company, Moove has raised $250 million in a Series C funding round at a valuation of $2.1 billion, reaching unicorn status. The startup will deploy the fresh capital to build out…
- 22 Sept 2008
$550m Deal: NCC Threatens Sudatel over Intercellular
Nigerian Communications Commission (NCC) is to wield the big stick on Sudatel, telecommunications and Internet service provider in Sudan, which bought 70 per cent of Intercellular Nigeria Limited for…
- 19 Jan 2009
Telecom: Great Expectations in 2009
Telecommunications sector remains the pivot of an information society, where businesses and services are delivered via Information and Communications Technology. The year 2008 was a mix given for…
- 14 Apr 2009
35m Shares of Etisalat Goes on Sale by Private Placement
Premium Telecommunications Holdings Limited (PTHL), a special purpose vehicle which holds the interests of Nigerian investors in Etisalat Nigeria has offered for sale by private placement 35 million…
- 21 May 2013
Etisalat Signs $1.2Bn Financing with Nigerian Banks
Etisalat Nigeria has signed a US$1.2 billion medium term syndicated loan facility with consortium of Nigerian Banks. The company plans to use the proceeds to refinance the existing commercial medium…