Browse
related articles
Etisalat 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.
Related Content
Article Options
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 »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
