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Etisalat looks for takeover targets
- United Arab Emirates: Monday, November 17 - 2008 at 10:59
Emirates Telecommunications (Etisalat) is eyeing company acquisitions as it seeks to benefit from falling prices in the financial crisis, potentially using its $3bn in cash. Like other Gulf Arab telecom firms, Etisalat has been snapping up assets worth billions of dollars in populous countries such as Egypt and Pakistan. To date Etisalat has invested $11bn in 16 countries.
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StaffMonday, November 17 - 2008 at 10:59 UAE local time (GMT+4)
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