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Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change - Phones (3) - Nairaland

Nairaland Forum / Science/Technology / Phones / Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change (59158 Views)

Airtel Pulls Out Of Race To Purchase 9mobile As Globacom Fails To Submit a Bid / How To Opt Out Of Etisalat (9mobile) Data Plan Auto-renewal / Etisalat Nigeria’s Troubles Worsen As Largest Shareholder Pulls Out (2) (3) (4)

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Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by toastedbread: 4:19pm On Jul 10, 2017
Verizon Nigeria loading...
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by muller101(m): 4:19pm On Jul 10, 2017
kilokeys:
etisalat modem for sale...


1k .. call 07084796868
go sell am for UAE
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Abagworo(m): 4:20pm On Jul 10, 2017
techcabal.com/2015/10/06/from-econet-to-airtel-how-many-times-has-the-telco-changed-hands/

Strive Masiyiwa, founder of Econet Wireless, recently took to social media to narrate the early days of Econet Nigeria and what exactly forced the company to leave Nigeria.
It got us thinking about how many times we’ve seen the telco change its identity (and management). There was a very fun guessing game we used to play back in the day – How long before Celtel/Zain/Airtel changes its name again? Most times, the guesses were spot on; anything between two and three years was mostly accurate.


And although the telco has stabilised in the identity and management area, it’s still funny when you realise the company has changed names a solid 6 times!
Here’s a chronological recap:
In the beginning… there was Econet Wireless Nigeria
In 2001, Econet Nigeria was one of the three companies that won the GSM license auction – MTN Nigeria and MTEL were the other two. Due to political shenanigans and corruption practises, Econet NG would eventually lose its management contract.
Then there was Vodacom
Vodacom came into the picture in 2004 and took the reins of the company, as management changed hands . It would only last a couple of months though.

But Vmobile

was right behind it
In what would be the fastest management change in the company’s storied history, a few months later, management changed hands again. The details are fuzzy and we’re not entirely sure what went on behind the scenes but eventually, Vodacom pulled out of Nigeria and Vee Networks found themselves at the helm of affairs. The company became known as Vmobile. There was a corresponding rebranding campaign. This was still 2004.

Let’s not forget about Celtel

Sometime in May 2006, Vmobile Nigeria was acquired by Celtel, another telecommunications company, for about a billion dollars. This gave the new owners a controlling stake of 65% in the company. Another rebranding campaign was due.

And Zain
Sometime in 2008 we saw another change occur. Zain Group, another telecoms company, completed its acquisition of all Celtel International’s shares of over $3 billion. Consequently, the entire African operations of Celtel was rebranded from Celtel to Zain, marking the end of the Celtel brand.

And finally Airtel:

1 Like 1 Share

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by muller042(m): 4:20pm On Jul 10, 2017
More people are about to loose their job. Bleep buhary . Bleep Nigeria.

2 Likes

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by directonpc(m): 4:20pm On Jul 10, 2017
Eeya!
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Kendroid: 4:20pm On Jul 10, 2017
Who curse NIGERIA? undecided cry
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nickymezor(f): 4:20pm On Jul 10, 2017
themonk:
Nigerian govt Don frustrate them out grin
seems so grin

1 Like 1 Share

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by muller101(m): 4:21pm On Jul 10, 2017
pxjosh:
And my Etisalat line is my major sim! What am I going to do now?
make it ur minor sim
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by luvinhubby(m): 4:22pm On Jul 10, 2017
nwaanambra1:
buhari is a curse! angry




messed up everything just within a period of 2 years including his own life!






what a pathetic being! angry


Coming from.a certified zombie like you..........this is very serious.
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Landforce1: 4:24pm On Jul 10, 2017
grin grin grin
kilokeys:
etisalat modem for sale...


1k .. call 07084796868
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by johnabba(m): 4:24pm On Jul 10, 2017
nwaanambra1:
buhari is a curse! angry



messed up everything just within a period of 2 years including his own life!





what a pathetic being! angry
abeg who is this, na buhari send them go collect loan
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by tonyajax(m): 4:26pm On Jul 10, 2017
muller101:
make it ur minor sim
I guess the only thing that will change for now is the name.
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Dailyschoolnews: 4:27pm On Jul 10, 2017
[quote author=kilokeys post=58317506]etisalat modem for sale...


1k .. call 07084796868
[b]
[color=#550000]

Lol...
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:29pm On Jul 10, 2017
Kobicove:
Get ready for a name change...

I hope they're able to find another international suitor
Wetin hapi to our own?
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:29pm On Jul 10, 2017
Even though i would agree that the economic atmosphere could be contributory to Etisalat's woes, but i must say that they also brought about their downfall by themselves. They refused to reduce the outrageous prices of data. MTN did and won the hearts of so many customers who switched to their network whereby almost eliminating the need for "cheats" which was popular among the younger network users at the time but Etisalat still stuck to their throat-cutting data plans. Imagine offering N1000 for 1.5gb while one can get 2Gb with the same N1000 from MTN and 200 for night browsing 1gb while someone with 2 MTN sims can get the same 1gb night browsing with a paltry N50. The same could be said about their call tariff too...at first when Etisalat started their EasyFlex, it was considerably good but now, you load and your credit is tripled but when you make calls, the credit leaks like water in a basket. But with the MTNAwuff, you get quadruple of your recharge and you get a lot of talk-time.

I was thinking of doing a SIM swap to MTN using my Etisalat line but was quite hesitant with the hope of things getting better on their side but with this news, i guess it's time to move.

RIP Etisalat!

3 Likes

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Gobhanky: 4:33pm On Jul 10, 2017
Spectranet shud be next
Useless as indians

2 Likes

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by ngwababe(f): 4:34pm On Jul 10, 2017
Time to throw away their sim card biko...
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Omobaaoa: 4:35pm On Jul 10, 2017
nwaanambra1:
buhari is a curse! angry




messed up everything just within a period of 2 years including his own life!

How is it Buhari fault now..was he the one that told them to collect a loan they can't pay...oga read news b4 u open ur mouth





what a pathetic being! angry

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:35pm On Jul 10, 2017
mbhs139:


Stop talking like a full and use your sense, at least, for once. What has Buahri got to do with this? Why are the other telcos not folding up? Your hatred for the man Buhari will not allow you see beyond your nose and make a reasonable comment like the educated person you claim to be.

Meanwhile, as times by, we will come to hear the real reason why the parent company, Etisalat Abu Dabi, pulled out of this deal. There's more than meet the eye to this saga.

Yes, they have to change the brand name, Etisalat because the parent company from Abu Dabi actually owns that brand, and since they have pulled out of the deal, and the company has actually been taken over by the Nigerian central bank, then the needful needs to be done.



Buhari caused it
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by almarthins(m): 4:35pm On Jul 10, 2017
nwaanambra1:
buhari is a curse! angry




messed up everything just within a period of 2 years including his own life!






what a pathetic being! angry


What is wrong with u people?
If buhari had helped etisalat, u r d same people that will come here to rehearse "islamization agenda" .

Now he no help dem una still dey shout
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by GioneeGuy: 4:36pm On Jul 10, 2017
pxjosh:
And my Etisalat line is my major sim! What am I going to do now?
port
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:36pm On Jul 10, 2017
Which collateral did etisalat tendered before acquiring the loan?
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by almarthins(m): 4:37pm On Jul 10, 2017
themonk:
Nigerian govt Don frustrate them out grin

Na Nigerian say make dem go borrow money from banks?

U need brain abeg!
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:38pm On Jul 10, 2017
Next will be the IOC's before we all realise we are close to a valley. Let the so called lawmakers keep on.
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by tonyajax(m): 4:38pm On Jul 10, 2017
Relixy2k:
All this lies sef. The company has paid about 48% of this debt and still paying. How many of the big firm is debt free in the world or not partly funded by loan? I dont know why the noise about Etisalat debt like it's a new thing? Make we rest jare.
It is all over the news already, but the only thing that will change is the name/investor, the infrastructure is still very much on ground.
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by GuntersChain(m): 4:39pm On Jul 10, 2017
what a painful exit. Workers on panic mode.

1 Like

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by bbm2016(m): 4:41pm On Jul 10, 2017
nwaanambra1:



look my friend dont mention me anyhow make serious thunder from hell no fall on you!

so u dont know its his useless policies that have crippled and destroyed almost all the foreign investments in nigeria!


anyways no be ur fault na person dey feed u! angry

Who bi this 1 sef

The deed has already been done

Buhari was just there at the wrong time

Ask your uncle GEJ he will tell you more
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Nobody: 4:50pm On Jul 10, 2017
grin shocked grin




Even God is highly disappointed in Nigeria.


Nothing thrives here anymore other than corruption, cultism, kidnapping & terrorism.


Buhari is Nigeria's profit for the stupid sentimental decision most folks made in 2015.


Just c as buhari dey fall on everything. Smh
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by amnesty7: 4:51pm On Jul 10, 2017
So many ignorant posts blaming the govt. Ask Hakeem Bello-Osagie what he did with the money borrowed.

1 Like

Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by lilytender: 4:52pm On Jul 10, 2017
nwaanambra1:
buhari is a curse! angry


messed up everything just within a period of 2 years including his own life!


what a pathetic being! angry


And your father is a curse to the world for bringing into this planet a nonentity like you.
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by cuedish: 4:52pm On Jul 10, 2017
CROWNWEALTH019:
And the dead lion is chilling somewhere in the mortuary in faraway London

U get bad mouth oo grin
Re: Etisalat Pulls Out Of Nigeria, Issues Ultimatum For Name Change by Klington: 4:54pm On Jul 10, 2017
trust buhari and his team of monumental epic woes, another successful failure from the suitables of all promises canceled

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