July 22, 2014 1:57 PM ET

Wireless Telecommunication Services

Company Overview of Emerging Markets Telecommunication Services Limited

Company Overview

Emerging Markets Telecommunication Services Limited, doing business as Etisalat Nigeria, provides telecommunication services to customers in Nigeria. It offers various personal services, including international roaming; business solutions, which include postpaid, corporate, and SME solutions; mobile broadband services, such as smartphone data plans and Facebook bundle; various portal services; various mobile devices, such as phone and devices; and customer care and electronic top up recharge services. The company was founded in 2008 and is based in Lagos, Nigeria.

Plot 19, Zone L

Banana Island Foreshore Estate

Federal Government Layout

Ikoyi

Lagos,  

Nigeria

Founded in 2008

Phone:

234 0809 0000 200

Fax:

234 0809 0000 201

Key Executives for Emerging Markets Telecommunication Services Limited

Chief Executive Officer
Age: 48
Chief Human Resources Officer
Director of PMO and Operational Strategy
Compensation as of Fiscal Year 2014.

Emerging Markets Telecommunication Services Limited Key Developments

Etisalat Nigeria Appoints Matthew Charles Willsher as its Substantive Chief Executive Officer

The Board of Directors of Etisalat Nigeria has announced the appointment of Matthew Charles Willsher as its substantive Chief Executive Officer. Willsher previously held the position of Chief Commercial Officer and acting Chief Executive Officer since August 2013 when previous CEO, Steven Evans stepped down. Willsher joins Etisalat Nigeria with over 20 years in telecommunications. Prior to Etisalat Nigeria, he was Executive Vice President, Marketing at Etisalat Group from 2011 to 2013.

Investors Reportedly Eye Telkom Kenya

Megatech Engineering, Inc. and Viettel Telecom Co are negotiationg with Orange (ENXTPA:ORA) to acquire 70% stake in Telkom Kenya Limited, people familiar with the matter said. If successful, the deal could offer it an exit route from the local telecoms scene. People familiar with the matter said Megatech Engineering are currently conducting due diligence on the business, hoping to conclude the deal by the end of July. "I can confirm that France Telecom is in talks with three firms, Mega-tech being one of them, and is currently doing due diligence," said a source who did not want to be named. "France Telecom is actually looking for someone to buy its entire 70% stake in Telkom Kenya and this could be concluded by end of July," said the source. The two firms are among three said to have expressed interest in Telkom Kenya. The Business Daily could not confirm the identity of the third firm, but sources indicated that it was Nigerian telecoms operator, Emerging Markets Telecommunication Services Limited. Francis Wangusi, the Communications Authority of Kenya (CAK) director- general, recently told the Business Daily that neither France Telecom nor Telkom Kenya had filed the no objection notice with it as required by law, implying that the negotiations are still at a very early stage. "We (the authority) have not heard anything at the moment, but if there is such a deal it must be at the negotiation stage," Wangusi said. Telkom Kenya chief executive Mickael Ghossein has previously denied knowledge of France Telecom's plan to exit Kenya, insisting that it was merely looking for a partner to inject cash.

ETISALAT Reportedly Retains Standard Bank For Sale Of Towers

Emirates Telecommunications Corporation (ADX:ETISALAT) has retained Standard Bank to advise on the planned sale of transmitter towers by Etisalat Nigeria (Emerging Markets Telecommunication Services Limited), three banking sources aware of the matter said. It was reported in October, 2013 that Etisalat Nigeria was looking at divesting its towers in a deal that could raise about $400 million.

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