With the takeover of Etisalat Nigeria by consortium of banks in Nigeria, the Nigerian Communications Commission, NCC,has issued a statement reassuring subscribers of continued service integrity from the network.
My Tony Ojobo, NCC Director, Public Affairs, issued a statement late Tuesday, that reads in parts:
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.
In view of the recent development, NCC wishes to reassure all stakeholders in the telecommunications sector in particular the subscribers on the Etisalat Network that the Commission will ensure that the integrity of Etisalat Network is not compromised
The statement also reminded Etisalat and the banks what they cannot do with the collapsed company, owing to the conditions attached to the licensing.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.
“Sub section 1 – The grant of a license shall be personal to the licensee, and the license shall not be operated by, assigned, sub-licensed or transferred to another party unless the prior written approval of the Commission has been granted;
Sub section 2 – A licensee shall at all times comply by the terms and conditions of the license and the provision of this Act and its subsidiary legislation.
[…] to negotiate IP licensing deal with the Group. If that does not happen, the telecom regulator in Nigeria could revoke the license. To avoid that happening, anyone taking over must ensure that the original license owner feels very […]