The
Nigeria Telecommunications Commission (NCC) has approved Etisalat Nigeria’s
name change to 9mobile, after its United Arab Emirates parent company pulled
out of its brand name and shares, over the Nigerian unit’s multi-million-dollar
debt to a consortium of 13 local banks.
The telecoms regulator says the
move is to ensure the continuity of Nigeria’s fourth largest telecom operator,
adding that Etisalat Nigeria has started the process of re-branding.
The NCC must approve a transfer
of telecoms licenses or any new investor in a telecoms company with more than
10 percent of the shares. Under local telecoms laws.
Etisalat
Nigeria is expected to unveil the new corporate brand today.
Source: - | Channels
Television | July, 2017
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