Saturday 5 February 2011

Etisalat rejects accusation over Indian mobile licence - The National

Etisalat's Indian subsidiary rejected allegations made on Thursday by a national investigative agency that it had purchased the licence for second-generation (2G) mobile services at deflated prices, resulting in a significant loss for the Indian exchequer.

"The company is not party to the matter referred to, before the court," said a spokeswoman for Etisalat DB Telecom, a joint venture between Etisalat and Swan Telecom.

She said the company had "followed all [government] rules" and denied that it had received any preferential treatment in the allotment of the 2G licence. The licence was awarded before Etisalat entered into a partnership with Swan in India.

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