Etisalat has decided to drop its proposed $12 billion bid for Kuwait’s Zain mobile telecommunications company due to regional unrest and problems with due diligence. The UAE’s telecom giant says it will look elsewhere in the world for acquisitions. But really it should be focused on its domestic competition from du.
Mention the name of du to many local residents and they colour with anger. If you want to see the nearest thing to social unrest in the UAE then visit a du showroom on a busy day and watch the tempers flare. Poorly trained staff, incompetent management, simply growing too fast, all are advanced as reasons for this state of near chaos.
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