Lagos - A local mobile network operator reported it had emerged the winner of the African Telecoms Deal of the 2014 at a just-ended awards ceremony in the United Kingdom.
Etisalat said it had been accorded the accolade at the 2014 IJ Global Europe & Africa Award (Euromoney/Project Finance Magazine Awards) held in London.
The winning deal, the first by a major GSM operator in Nigeria, was announced in August 2014 and as part of Etisalat’s broader strategy to drive improvements in the quality of its network and to accelerate the roll out of 2G and 3G coverage and new services to its customers.
Head of Strategy and Business Development, Etisalat Nigeria, Seun Oshitade, expressed appreciation to the organizers of the IJ Global Awards as well as the partners to the deal.
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“This award recognizes our continuous strategy to increase the coverage and capacity of our network which is already rated number 1 for quality of service by the Nigerian Communication Commission (NCC).
“Our partnership with IHS for the transaction which is being celebrated at this award ceremony is designed to promote network sharing, ensure higher quality, sustain reliable mobile services, lower overall costs and also promote a cleaner environment through reduced diesel usage and increased investments in alternative energy solutions.”
Other key stakeholders who contributed to the success of the deal include financial advisers, Stanbic Bank and legal advisers, Norton Rose. Representatives from these organisations were at the event to join Etisalat in receiving the award at the ceremony held at the Natural History Museum.
The Infrastructure Journal and Project Finance Magazine, a publication of Euromoney Institutional Investor PLC, organises the IJGlobal Awards.
More than 500 market professionals attended the ceremony, which recognises excellence, achievement and innovation in energy and infrastructure finance.
- CAJ News