Etisalat Nigeria has announced that Nigeria’s telecoms regulator has approved Etisalat Nigeria’s name change after its Middle East parent company pulled out.
The middle east parent company pulled out following regulatory intervention to save the local company from collapse due to debt.
The Nigerian Communications Commission (NCC) has been notified of the new name, “9mobile”, adding that Etisalat Nigeria had started the process of rebranding, according to a statement by the company.
The move was to ensure business continuity of Nigeria’s fourth largest telecom operator, it said in a statement.
Etisalat Nigeria’s lenders have now taken control and appointed a new team to manage the company with a focus on getting it back to profitability while working to eventually raise new capital.