Wednesday 13 July 2011

gulfnews : Indian partner's legal actions are baseless: Etisalat

UAE telecommunications major Emirates Telecommunications Corporation (etisalat) said on Tueasday its Indian mobile phone joint venture partner Majestic Infracon Private Limited has brought proceedings against it and various group companies before the Company Law Board in India and various individual directors.

Etisalat, whose Indian joint venture is grappling with a telecommunications licensing scandal, did not say what the proceedings were, but called them 'wholly baseless'.

'This is a cynical tactical move by parties charged with major corruption offences to shift attention away from their own situation and to disrupt the proper running of Etisalat DB to the detriment of its shareholders and customers,' etisalat said in a statement.

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