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Tecom pays $283m for Maltacom
- United Arab Emirates: Wednesday, May 17 - 2006 at 16:44
Tecom Investments has paid $283m for the Maltese government's 60% controlling stake in local telecom company Maltacom. Under the deal Tecom has agreed to invest $90m in technology in the firm, including 3G. In a separate deal last February, Tecom had agreed to invest $330m in the creation of IT village, SmartCity@Malta.
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James McInerney, News EditorWednesday, May 17 - 2006 at 16:44 UAE local time (GMT+4)
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