Browse related articlesEtisalat buys 45% stake in Indian mobile operator
United Arab Emirates: Tuesday, September 23 - 2008 at 14:02
Etisalat has agreed to acquire approximately 45% of Swan Telecom Private Limited, a recently licensed mobile operator in India. Under the agreement, the UAE-based telecom operator is subscribing to newly issued shares for a cash consideration of up to $900m, implying a post-money equity value for 100% of the company. Swan Telecom holds universal access service licences in 13 telecom service areas in India, and is in the process of acquiring UASL licences in an additional 2 telecom service areas. Together these licences enable the company to provide a full spectrum of telecom services, including GSM services, covering a population of over 900 million across India.
See Also
Also consider reading:
- » Etisalat unveils eGlobe Interconnect
- » Survey analyzes Bahrain's cellular use
- » Du announces grand prize of SMS contest
- » Etisalat launches new epayment packages
- » Zero-watt monitors on sale in ME
- » T-Mobile unveils Google phone
- » Batelco launches World Freedom Service
- » Bahrain mobile users hit 1m
- » Swan Telecom gets licences in India
- » EIT increases stake in Greece's Forthnet
Facebook
LinkedIn
Digg
Jeff Florian, Senior ReporterTuesday, September 23 - 2008 at 14:02 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds