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Etisalat gains majority stake in Indian JV
- United Arab Emirates: Monday, December 21 - 2009 at 10:53
Etisalat has acquired a majority stake in its Indian venture, Etisalat DB Telecom by buying a 5.27% stake from Genex Exim Ventures for about $81m, India's Economic Times has reported. Etisalat, which has a subscriber base of over 80 million across 17 countries, will have just over 50% stake in the company after the stake buy.
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StaffMonday, December 21 - 2009 at 10:53 UAE local time (GMT+4)
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