Emirates Telecom (Etisalat)
Trade riskUnited Arab Emirates.
Summary
"Emirates Telecommunications Corp ETEL.AD (Etisalat) said on Tuesday a consortium it is part of would pay 300 million euros ($402.1 million) to acquire a mobile phone licence in Iran and was in talks to buy an operator in Iraq. The group would invest at least $1 billion into building infrastructure in Iran and was looking to begin operations within nine months, possibly earlier, said Jamal al-Jarwan, chief executive of Etisalat International Investments." (Reuters, "Emirates Telecom to pay $402 mln for Iran licence," 1/13/09) (http://www.reuters.com/article/2009/01/13/etisalat-iran-idUSLD71151020090113)
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