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Negotiation With Banks Not Deadlock But Ongoing – Etisalat Nigeria

IT NEWS NIGERIA:

*Reports claiming negotiation with bankers deadlock is false

*Discussions are ongoing with good progress

The attention of Etisalat Nigeria has been drawn to news reports credited to some unofficial sources claiming that the on-going discussions with our bankers “have become stalled or reached a deadlock,” the company announced today.

According to a statement signed by its Vice President, Regulatory and Corporate Affairs, Ibrahim Dikko, Etisalat Nigeria wishes to state without equivocation that discussions are not only ongoing with our bankers, but good progress has been made so far. We are optimistic that an agreement will be reached shortly and this will be communicated through the appropriate channels of the involved stakeholders. We appeal to our media partners who have indeed been critical to the success of our business over the years, to await the official communication of the outcome of the ongoing discussions and not lend their credible platforms to speculative and presumptive analysis of the discussions.

As a business, our immediate focus is to ensure that we not only sustain a positive performance, but that we are in a position to continue to grow the business, deliver excellent customer service and increase value to our stakeholders which includes our bankers.

We wish to assure our esteemed customers, service providers and other relevant stakeholders that Etisalat Nigeria has and will indeed continue to operate normally whilst these discussions are on-going.

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