Etisalat plans purchase closer to home

29 Sep 2008

Fresh from spending USD900 million for a 45% stake in India’s Swan Telecom last week, United Arab Emirates-based Etisalat now says it is looking at ‘at least one more acquisition’ before the end of the year. According to Khaleej Times, the company to be bought will be from within the Middle Eastern region. A deal is expected to be announced next month for the as yet unnamed operator.

United Arab Emirates, Etisalat UAE