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No Response From Our Lenders On Payment Plans – Etisalat - Business - YukHub

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No Response From Our Lenders On Payment Plans – Etisalat by johneewalker: 11:24am On 6 Jun


Etisalat has said it has not received any response on its payment proposal it tendered to lenders.

The company confirmed that it is still in discussions with its lenders regarding existing obligations under the syndicated loan agreement signed in 2013.

The company said it has not received any formal communication from the lenders regarding the proposal.

“Whilst we are aware of recent news reports stating that the offer has been rejected by the banks, we cannot confirm this as true as no formal communication has been received from the banks regarding the proposal”, it said in a statement.

“We continue to explore all available options to pull through this phase. We will continue to engage all relevant parties in earnest with a view to securing a mutually agreeable outcome”.
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Date: Tuesday 21st November 2017 at 03:00 PM


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