Monday 4 April 2011

Etisalat chases foreign deals - The National

Etisalat continues to pursue expansion overseas in Asia and Africa, despite the recent failure of its US$12 billion (Dh44.07bn) takeover of its Kuwaiti rival Zain and its decision to pull out of a bid for Syria's third mobile licence.

Potential new markets for Etisalat include Iraq, Lebanon and mobile services for Sudan, where it already has landline operations.

Analysts predict the company's operations outside the UAE will continue to grow, with one forecasting the proportion of its revenues from abroad will increase to 30 per cent by 2015, up from 23 per cent last year.

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