NCC Intervened In Etisalat Crisis

The Nigerian Communications Commission (NCC) has revealed why they intervened into the present debt crisis confronting the mobile telecommunication company, Etisalat which is now known to be 9mobile.

According to NCC Executive Vice Chairman, Prof. Umar Danbatta, ‘’we took the interest of investors, subscribers and employees into consideration to align with the central bank of Nigeria in order to resolve the debt challenges facing the organization, known as 9mobile’’.

Danbatta stated further, saying; ‘’over 20 million and 2,000 workers would have been affected if we did not intervene in the matter with a view to finding an amicable resolution.’’

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‘’we want to see a viable and thriving 9mobile and we want to cooperate with you so that things can move seamlessly and be successful.’’

Danbatta stated that the commission collaborated with the CBN to avert a looming economic disaster.

The NCC boss assured the 9mobile team of the commission’s cooperation to grow its network.

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Olusanya expressed appreciation to the NCC management for its cooperation that led to a seamless change in name and asked for concessions, especially in the area of spectrum assignment.

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