List Of The 10 Banks That Just Took Over Etisalat Telecommunication Company


Telecon Giants Etisalat has finally been taken over by ten major lenders (Nigerian Banks). Though the take over should have happened earlier than now and Etisalat fought very hard to make sure they kept the management from been taken over by Nigerians Banks following the huge debt they owe. 

The take-over came as a result of a futile effort by Emerging Markets Telecommunications Services, EMTS, promoted by-one time Chairman, United Bank for Africa, UBA, Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt impasse

The lenders include:

1. Zenith Bank

2. GT Bank

3. First Bank

4. UBA,

5. Fidelity Bank

6. Access Bank,

7. Ecobank,

8. FCMB

9. Stanbic IBTC Bank and

10. Union Bank.

List Of The 10 Banks That Just Took Over Etisalat Telecommunication Company List Of The 10 Banks That Just Took Over Etisalat Telecommunication Company Reviewed by Exlink Lodge on Tuesday, June 20, 2017 Rating: 5

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