Abu Dhabi’s Mubadala fund pulls out of Etisalat Nigeria

By News Editor 3 years ago

After failing to renegotiate the terms of a loan agreement with its various bank donors, Etisalat has lost the Mubadala fund. Although details of the pullout are unclear, this remains significant as Mubadala owns up to 40% of Etisalat Nigeria. It is only the latest in a series of troubled events for Nigeria’s fourth largest phone service provider, who have defaulted on various loans to lenders this year.

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