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The Nigerian Communications Commission (NCC) has reassured the over 21 million Etisalat subscribers nationwide that it will do all within its regulatory powers, to ensure that they continue to enjoy the services provided by the operator.
In a statement released in Abuja and signed by the Director, Public Affairs,Tony Ojobo, the regulatory authority said it has taken proactive steps to cushion the impact of the takeover, without prejudice to the ongoing effort between Etisalat and the banks towards a negotiated settlement.
The Commission noted that it was aware of the indebtedness of Etisalat to the consortium of banks; and that despite the efforts of the Central Bank of Nigeria (CBN) through several meetings with the banks, Etisalat and other stakeholders to find a solution, nothing was achieved.
The Commission revealed that it has taken proactive steps to cushion the impact of the takeover, this is without prejudice to the ongoing effort between Etisalat and the banks toward negotiated settlement.
In view of the recent development, NCC assured all stakeholders in the telecommunications sector in particular the subscribers on the Etisalat Network that the Commission will ensure that the integrity of Etisalat network is not compromised.
Accordingly, the Commission has drawn the attention of the banks to provisions of the Nigerian Communications Act (NCA) 2003 Section 38:
Sub section 1 � The grant of a license shall be personal to the licensee and the license shall not be operated by, assigned, sub licensed or transferred to another party unless the prior written approval of the commission has been granted;
Sub section 2 � A licensee shall at all times comply by the terms and condition of the license and the provision of this act and its subsidiary legislation.
The NCC observed that whilst the banks and Etisalat are working at resolving the issues, the subscribers will continue to enjoy the services provided by Etisalat.
Source: Voice of Nigeria