The Nigerian Communications Commission (NCC) has assured 21 million Etisalat subscribers that the telco’s N541 billion debt and brewing takeover will not, in any way, affect them negatively.
In a statement signed by Tony Ojobo, NCC director of public affairs, the commission said it attempted to find a resolution to the challenges facing the company, but could not get desired results.
NCC however said it would do all in its regulatory capacity to ensure subscribers enjoy the best of service.
“The attention of the Commission has been drawn to a planned takeover of Etisalat by a consortium of banks,” NCC said via a statement.
Regrettably these meetings did not yield the desired results.
The NCC wishes to reassure the over 21 million Etisalat subscribers that it will do all within its regulatory power to ensure that Etisalat subscribers continue to enjoy the services provided by the operator.
“The Commission has taken proactive steps to cushion the impact of the takeover, this is without prejudice to the ongoing effort between Etisalat and the banks toward negotiated settlement.
“Sub section 2 – A licensee shall at all times comply by the terms and condition of the license and the provision of this act and its subsidiary legislation.