Emirates Telecommunications Corp. (Etisalat) is open to partnerships or obtaining new licences as it seeks to expand into different markets, the United Arab Emirates carrier said on Tuesday.
Available mergers and acquisition opportunities are decreasing despite an ongoing need for consolidation within the industry, Ahmed bin Ali, Etisalat's senior vice president for corporate communications, said on the sidelines of a business conference.
"Competition is healthy and good for customers but if we are overdoing it, it will be miserable for customers. Price wars (mean) less services will be introduced, less investment," Ali said, adding that regulators can play a role in helping small players consolidate with other operators.
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