Etisalat Nigeria loan restructuring talks fail as lenders step in

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LAGOS/DUBAI, June 20 (Lensng) – Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the Abu Dhabi telecoms company said on Tuesday.

Etisalat Nigeria had been in talks to restructure a $1.2 billion loan after missing repayments.