Register | Forgot password?
Switch to Arabic
Saturday, December 5 - 2009
Page navigation Browse related articles

Etisalat buys Millicom's mobile unit in Sri Lanka

  • United Arab Emirates: Saturday, October 17 - 2009 at 13:37

UAE's Etisalat has agreed to buy from Luxembourg-based Millicom its Sri Lankan mobile operations, AFP has reported. The sale to Etisalat is expected to be completed by October 20. In a separate statement, Etisalat has announced Etisalat its 100% stake acquisition of 'Tigo Sri Lanka' has enterprise value of $207m. The company has a market share of 21%, the second-largest mobile phone operator in Sri Lanka, with 2.25 million subscribers.

Also consider reading:

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 AMEinfo.com 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 AMEinfo.com 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 AMEinfo.com 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 AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.