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FINANCIAL NEWS
Etisalat close to buying 26% stake in Reliance
19 Jul 2010
(MENAFN) Financial Times reported that Emirates Telecommunication Corporation (etisalat) is close to buying a 26 percent stake in India’s Reliance Communications.
As a consequence to this news report, shares in Reliance rose more than three percent on Monday at Rs193.25 this morning, while the Mumbai market was down 0.2 percent.
The Arab World’s second-largest telecom operator by market value, now pursuing opportunities abroad, said net profit fell to Dh1.9 billion in the quarter from Dh2.4bn a year ago, missing analysts’ expectations.
More News
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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