Tuesday 21 February 2012

UPDATE 1-Etisalat eyes restructure to cut costs | Reuters

UAE telecoms operator Etisalat may restructure its operations to cut costs, the company said on Monday, as it tries to arrest falling profits.

The board of the former monopoly, which operates in 17 countries in the Middle East, Africa and Asia, also proposed a 60 percent dividend for 2011, the same as 2010.

The company said its board had discussed restructuring and outsourcing options.

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