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Etisalat eyeing acquisition deals over next 18 months
- United Arab Emirates: Monday, October 29 - 2012 at 08:02
Etisalat has said it expects a shakeout in the sector to throw up takeover opportunities in the next 18 months and wants to be ready, Reuters has reported. The crisis in the market will provide M&A opportunities over the next 18 months. We would like to be ready when those opportunities are there," chief executive Ahmad Julfar told the news service. "Telecoms is a very capex intensive business. It is a long-term investment and sustainability is crucial to us so we have to look at how to best invest our money," he said.
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