Etisalat (UAE’s Leading Telecom Operator) seems to be in its final stage to sign a deal with Sawan telcom, acquiring 40% stake in the firm. Etisalat has been looking for an Indian partner and was in talks with telcos including Spice Communication and Videocon-backed Datacom. Swan telcom persistently hitting the headlines for its association with Anil Ambani group company RCOM, which was said to hold 9.9 per cent stake in it at the time of applying for licence last year.
According to RCOM officials, the company does not hold stake in Swan telecom anymore. Swan Telecom had obtained licence for launching operations in 13 circles. Etisalat is operating in 16 countries across Asia, the Middle East and Africa has a presence in India, through its data services subsidiary Technologia in Bangalore.
Wireless Federation » Etisalat in talks with Swan Telecom to sign a deal and acquire 40% stake (UAE)
Etisalat in talks with Swan Telecom to sign a deal and acquire 40% stake (UAE)
- September 23rd, 2008
- 5:18 am
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