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FINANCIAL NEWS
Etisalat Nigeria acquires local 3G license firm
05 Dec 2010
(MENAFN) Steven Evans, Chief Executive at Etisalat Nigeria, the Nigerian subsidiary of UAE-based Etisalat, said that the company has acquired Alheri Mobile Services Ltd, a local telecoms firm with a 3G license in order to help it develop its data and broadband services and compete with other GSM operators, Reuters reported.
Etisalat Nigeria�s acquisition of Alheri Mobile Services Ltd will enable the UAE-based company to compete with its main African rival, South Africa’s MTN Group, India’s Bharti Airtel and local rival Globacom, all of which already operate 3G services, said Evans.
Recently acquired Alheri was owned by billionaire industrialist Aliko Dangote, who bought the 3G license about 3 years ago but never made it operational, eventually decided to sell it to Etisalat Nigeria, whereas proceeds from the sale would be used to develop Alheri’s other telecoms assets.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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