Etisalat's growth across the Middle East and Africa is beginning to draw the attention of analysts concerned about its spending plans.
The UAE's largest telecommunications operator is planning to aggressively expand across the region after offering to buy a 51 per cent stake in Kuwait's Zain in a deal that would be worth about Dh44 billion (US$11.97bn). It is also bidding for licences in Syria and Libya and extending its operations in Nigeria and India, two potentially lucrative markets.
Competition in the UAE comes from, du, which has signed up significantly more mobile and internet users in the past year than the bigger company.
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