Business

NCC Approves Etisalat’s Name Change To 9mobile

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.

oluchi

Disqus Comments Loading...
Share
Published by
oluchi
Tags: etisalatNCC

Recent Posts

Nigeria’s Economy Records Over $1.5Bn Inflow, Says CBN

It said the naira also continued to record gains in the Autonomous Foreign Exchange market,…

5 mins ago

Netanyahu Approves New Gaza Ceasefire Talks

Since the UN Security Council adopted a resolution on Monday demanding an "immediate ceasefire", Hamas…

7 mins ago

No Timescale For Murray’s Return After Ankle Injury

Murray said earlier this year he did not plan to "play much past this summer"…

10 mins ago

Man City’s Stones, Walker Out Of Arsenal Clash

Both players were injured on international duty with England.

15 mins ago

DC Comics’ Jim Lee: Using AI Robs Artists Of Creative Joy

We have to figure out a way to live in a world where it exists,…

1 hour ago

Protest Rocks Rivers Over Award Of Federal Constituency Projects

The protesters from Ikwerre/Emohua Federal Constituency, are asking the leadership of the National Assembly, and…

2 hours ago