Authorities in Nigeria are currently struggling to save Etisalat, the country’s fourth largest telco. The Central Bank of Nigeria (CBN) together with Nigeria Communications Commission (NCC) are rushing to avert a creditors’ take-over.
Etisalat Nigeria, registered as Emerging Markets Telecommunication Services (EMTS) Ltd, was majority-owned by United Arab Emirates-domiciled Etisalat Group and Mubadala.