Etisalat Nigeria says negotiation with banks ongoing.

THE authority of Etisalat Nigeria said its attention has been drawn to news reports credited to some unofficial sources claiming that the on-going discussions with her bankers have become stalled or reached a deadlock.

The telecommunications company further appealed to media partners who have indeed been critical to the success of her business over the years, to await the official communication of the outcome

Similarly, Etisalat Nigeria reiterated that discussions are not only ongoing with the 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”, Mr. Ibrahim Dikko, Vice President, Regulatory and Corporate Affairs emphasized.

Dikko added that, “as a business, the company’s 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”, he concluded.