WITH over 15 million subscriber base and over six years of operations in Nigeria, Emerging Markets Telecommunications Service Company trading as Etisalat in the country has said it hoped to breakeven on its investment in Nigeria by 2015.
Etisalat, which got it Unified Access License from the Federal Government in January 2007 and made it first official call in Nigeria on March 13, 2008, noted that its successes so far has hinged on robust policy; good shareholders and solid banking support.
In an interaction with journalists in Lagos, Thursday, to discuss issues around Mobile Number Portability (MNP) and quality of service, the Chief Executive Officer of Etisalat, Steve Evans disclosed that the telecommunications firm started having positive EBITDA from last quarter of 2011, saying that this has brought robustness to its operating revenue, “but our target is that by 2015, we would have breakeven.”