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Etisalat to boost network after Indonesia sale
- United Arab Emirates: Saturday, September 22 - 2012 at 04:07
Etisalat has said it plans to use the proceeds from a $510m stake sale in Indonesia to boost networks in core markets, Reuters has reported. "Proceeds will be used to fund further growth in next generation networks in our core growth markets and roll out additional services," Etisalat said. The company did not say which countries it considered "core", but they likely included the UAE - source of about 71% of revenues in the second quarter - and the lucrative markets of Saudi Arabia, Egypt and Nigeria.
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