Jun 26 2006 |
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Etisalat positive about overseas acquisition drive
Dubai: Etisalat, the UAE's leading telecom operator, is likely to secure a third licence in Syria soon, while a top official expressed his optimism about securing Egypt's third licence in the coming months.These developments reflect the UAE's prime telecom service provider's major expansion drive that will see the company secure at least half a dozen new licences in Yemen, Mauritania, Russia, Greece, Uzbekistan and Tajikistan.
Mohammad Omran, Etisalat president, told Gulf News his company planned to expand its operations in Asia, Africa and Europe by buying shares in telecommunication companies and establishing new land and mobile telephone networks in that region.
Etisalat may also soon announce the results of its bid to acquire a mobile licence in Yemen, the negotiations for which have entered its final stage, apart from the Mauritanian licence for which talks will be concluded on July 14, he said.
"We are taking part in the July 20 auction after a comprehensive study and we are happy to announce that all pointers are objective."
"Etisalat is working on more than one regional and international front to enter the Uzbek and Tajik mobile markets and buy 70 per cent to 85 per cent of mobile telephone companies in the two countries," Jamal Al Jarwan, director-general of Etisalat International, told Gulf News.
Etisalat has operations in Saudi Arabia, Pakistan, Sudan and West Africa.
By Mohammad Ezz Al Deen
© Gulf News 2006
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