#NowHumming Came to my rescue by Hillsong United.
As you might have guessed from the title, Etisalat WILL NOT be taken over as initially reported thanks to the intervention of CBN and NCC.
The two bodies held a meeting on Friday to find a quick resolution to the crisis facing the Telco. According to an official statement, “the CBN and NCC were able to secure for Etisalat the necessary oxygen to enable it continue to meet urgent operational expenses.”
What then happens to the $1.72 billion loan?
The statement reveals that a meeting will hold on March 16 to agree on a payment restructuring path going forward.