June 20, 2017 / 7:05 AM / 2 months ago

Etisalat Nigeria loan restructuring talks fail as lenders step in

LAGOS/DUBAI, June 20 (Reuters) - Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the Abu Dhabi telecoms company said on Tuesday.

Etisalat Nigeria had been in talks to restructure a $1.2 billion loan after missing repayments.

Reporting by Stanley Carvalho and Chijioke Ohuocha; editing by Jason Neely

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below