{"id":15751,"date":"2017-07-20T16:47:04","date_gmt":"2017-07-20T15:47:04","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=15751"},"modified":"2017-07-24T00:03:13","modified_gmt":"2017-07-23T23:03:13","slug":"etisalat-group-severs-ties-nigerias-emts","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/","title":{"rendered":"Etisalat Group severs ties with Nigeria\u2019s EMTS"},"content":{"rendered":"

The United Arab Emirates-based Etisalat Group said it will terminate all rights granted to the Emerging Markets Telecommunication Services Limited and EMTS lenders to use its Etisalat brand on Friday, July 21, 2017.<\/p>\n

The Group, in a letter with ref\u00a0rence number HO\/GCFO\/152\/105, which was addressed to the Director General of the Abu Dhabi Securities Exchange and signed by Etisalat Group\u2019s Chief Financial Officer, Serkan Okandan, on Thursday said it had become necessary to terminate the rights \u201csince EMTS and the EMTS lenders have decided not to proceed with these negotiations and to use a new brand.\u201d<\/p>\n

\u201cFurther to our announcement dated July 10, 2017, Emirates Telecommunications Group Company PJSC \u201cEtisalat Group\u201d would like to inform you that Etisalat Group has entered into extensive negotiations with Emerging Markets Telecommunication Services Limited \u201cEMTS\u201d and the EMTS Lenders under the defaulted facility agreement, in connection with putting in place interim agreements for technical services, strategic procurement support and the use of Etisalat brand (and related IP rights).<\/p>\n

\u201cThe purpose of these agreements was to allow for an organised transition to a new brand without adversely impacting EMTS\u2019 ability to operate in the normal course.<\/p>\n

\u201cHowever, EMTS and the EMTS Lenders have since decided not to proceed with these negotiations and to use a new brand.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u201cAccordingly, the rights granted to EMTS to use the Etisalat\u2019s brand (and related IP rights) by EMTS Nigeria will terminate as of 21 July 2017.<\/p>\n

\u201cShould there be any material developments on this subject, a further announcement will be made in accordance with applicable Securities and Exchange rules and regulations.\u201d<\/p>\n

EMTS on Wednesday unveiled its brand name 9Mobile and logo in Lagos, the commercial nerve of Nigeria.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Arab Emirates-based Etisalat Group said it will terminate all rights granted to the Emerging Markets Telecommunication Services Limited and EMTS lenders to use its Etisalat brand on Friday, July 21, 2017. The Group, in a letter with ref\u00a0rence number HO\/GCFO\/152\/105, which was addressed to the Director General of the Abu Dhabi Securities Exchange …<\/p>\n","protected":false},"author":6,"featured_media":15213,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[17],"tags":[1628],"coauthors":[2391],"class_list":["post-15751","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-news","tag-etisalat"],"yoast_head":"\nEtisalat Group severs ties with Nigeria\u2019s EMTS - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Etisalat Group severs ties with Nigeria\u2019s EMTS - National Wire\" \/>\n<meta property=\"og:description\" content=\"The United Arab Emirates-based Etisalat Group said it will terminate all rights granted to the Emerging Markets Telecommunication Services Limited and EMTS lenders to use its Etisalat brand on Friday, July 21, 2017. The Group, in a letter with ref\u00a0rence number HO\/GCFO\/152\/105, which was addressed to the Director General of the Abu Dhabi Securities Exchange …\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-20T15:47:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-07-23T23:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/07\/Etisalat-Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"280\" \/>\n\t<meta property=\"og:image:height\" content=\"280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/07\/Etisalat-Logo.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2017\/07\/Etisalat-Logo.jpg\",\"width\":280,\"height\":280},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/\",\"name\":\"Etisalat Group severs ties with Nigeria\u2019s EMTS - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/#primaryimage\"},\"datePublished\":\"2017-07-20T15:47:04+00:00\",\"dateModified\":\"2017-07-23T23:03:13+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Etisalat Group severs ties with Nigeria\u2019s EMTS\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Etisalat Group severs ties with Nigeria\u2019s EMTS - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/etisalat-group-severs-ties-nigerias-emts\/","og_locale":"en_US","og_type":"article","og_title":"Etisalat Group severs ties with Nigeria\u2019s EMTS - National Wire","og_description":"The United Arab Emirates-based Etisalat Group said it will terminate all rights granted to the Emerging Markets Telecommunication Services Limited and EMTS lenders to use its Etisalat brand on Friday, July 21, 2017. 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