A consortium of banks, led by Access Bank PLC and other Nigerian and foreign banks, has taken over the management of Etisalat Nigeria, effective June 15.

  The take-over followed the collapse of the effort by Emerging Markets Telecommunications Services, EMTS, promoted by Hakeem Bello-Osagie, to reach agreement with the banks on debt restructuring plan in the protracted $1.72 billion (about N541.8 billion) debt imbroglio. 

  source: CKNNEWS