Ongoing discussions to ensure the crisis rocking Etisalat Nigeria is yielding some positive results meaning subscribers on the Etisalat network need not panic, but there is more.
In response to stakeholder enquiries regarding the current position on Etisalat Nigeria, the Nigerian Communications Commission (NCC) recently reinstates that subscribers on the network are assured of quality of service.
In a press release signed by Director of Public Affairs, Mr. Tony Ojobo, the Commission noted that Etisalat and its creditors have successfully reached an amicable resolution of key issues pertaining to its indebtedness, and that a smooth transitional process is currently ongoing on mutually agreed terms.
“The Commission is confident that the amicable resolutions reached by the parties will further strengthen Etisalat’s capacity to continue to provide services to its over 20 million customers and to fulfil its obligations to its other stakeholders as a going concern, regardless of any changes that the parties have agreed to Etisalat’s Ownership, its board and/or its executive management,” said Ojobo.
The telecoms regulator assured that, empowered by the Nigerian Communications Act 2003, it will continue to work assiduously with all industry stakeholders to ensure that the Nigerian telecommunications industry remains capable of playing its critical role as a key driver of national socio-economic development.
“NCC is mindful of the need to sustain the industry’s significant contribution to National GDP, employment and infrastructure roll-out at all times,” the Commission spokesman said.
He said the Commission’s intervention in the Etisalat crisis was informed by these considerations, and that the Commission is pleased at the success of the ongoing process.
NCC, however, acknowledged the pivotal role of the Central Bank of Nigeria (CBN) in resolving the matter in a manner that protects the interests of all stakeholders – especially the creditor banks and Etisalat’s over 20 million customers.