Friday, May 7, 2010


DANGOTE SET TO ACQUIRE ETISALAT
Industrialist and billionaire, Alhaji Aliko Dangote is set to acquire one of the latest entrants into the GSM industry, Etisalat. Aliko Dangote’s Alheari Engineering Limited was said to have offered Etisalat Nigeria a whooping sum of $150 million to operate on its platform and render services that include 3G, an enabler of Mobile Communications services which is one of the latest services in the telecommunication industry.
Impeccable sources gathered that Alheari offered partnership deal that will lead to utilization of the license procured from Nigeria Communication Commissions (NCC) in 2007 by Etisalat, but the deal was said to have gone sour when the Nigeria partner insisted that they were being marginalized by its foreign counterpart and ready to pull out. Those who should know revealed that Alheari is set to give services like roaming capability, broad bandwidth, optic fibre and high speed communication upward of 2Mbps which are not being offered by Etisalat presently.
It was also alleged that the proposed acquisition has thrown top management staffers of Etisalat into confusion which made them to call an urgent management meeting schedule to hold next week.
The President of Dangote Group is said to worth more than 3.3 billion dollars and was rated among richest in the world according to the 2009 Forbes list.

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