Full List of Etisalat Nigeria New Owners.
Giant Telecom Company, Etisalat has now been taken over by ten major Nigerian Banks who lent money to the Group. See the full list of Banks that now own Etisalat Nigeria.
The Banks/Lenders That Now Own Etisalat include:
1. Zenith Bank
2. GT Bank
3. First Bank
5. Fidelity Bank
6. Access Bank,
9. Stanbic IBTC Bank and
10. Union Bank.
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.