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Etisalat Nigeria says no deadlock in negotiation with banks

Etisalat Nigeria says no deadlock in negotiation with banks

Etisalat Nigeria has reacted to reports claiming that the on-going discussions with its bankers have become stalled or reached a deadlock, saying, “discussions are not only ongoing with our bankers, but good progress has been made so far.”

A statement signed by Ibrahim Dikko, Vice President, Regulatory and Corporate Affairs said the company was optimistic that an agreement will be reached shortly and this will be communicated through the appropriate channels of the involved stakeholders.

“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,” he said.

“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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