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Tuesday, 13 January 2009

Etisalat wins Iran mobile licence

TEHRAN // A consortium including Emirates Telecommunications (Etisalat) has won an international tender for Iran’s third mobile telephone licence, the ISNA news agency reported yesterday.

The licence includes exclusive rights to use the new high-speed 3G standard; it is likely that Etisalat will invest at least US$1bn (Dh3.67bn) in developing a national network.

The new investment will mean Etisalat has a presence to the four largest economies in the Middle East– Saudi Arabia, Iran, the Emirates and Egypt.