Bankers yesterday took over telecommunications company Etisalat and subsequently announced changes in the shareholding structure of the company. Access Bank Plc and other Nigerian banks took over the management of the company, effective June 15 after they failed in thier $1.2 billion debt payment. Other lenders in the loan deal are Zenith Bank, GTBank, First Bank, UBA, Fidelity Bank, Ecobank, FCMB, Stanbic IBTC Bank and Union Bank. It is certain that there will be some job los......Click to See more
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