Browse related articlesEtisalat eyes Indian market
United Arab Emirates: Wednesday, April 30 - 2008 at 07:15
Etisalat may spend up to $4bn on an acquisition or a licence to enter India, the world's second-largest mobile phone market, reported Reuters. Etisalat's Chairman Mohammad Omran said the time is right for a purchase because the market value for shares in India has dipped a little. He said the amount the company spends on an acquisition will depends on the opportunity that is available and on how much of a per cent of the entity that it will buy.
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Jeff Florian, Senior ReporterWednesday, April 30 - 2008 at 07:15 UAE local time (GMT+4)
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