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FINANCIAL NEWS
Etisalat considers new bid for Syria mobile license
10 Jun 2011
(MENAFN) Etisalat telecommunications company said that if terms would be right, it would think about a new bid for a mobile license in Syria, reported The National.
The Abu Dhabi based company added that although it planned to expand its global footprint, nevertheless, it would be cautious in finding new opportunities, bearing in mind the political situation and the mobile license terms applied in the place where it would establish investments.
It also said that it would always consider overseas expansion to compensate lower profits in the Emirates; moreover, it had no intentions to raise capital at the moment.
It is worth noting that UAE’s biggest telecommunications provider’s capital expenditure declined 28 percent in the first quarter of this year compared with the same quarter in 2010 reaching USD302 million, whereas its profit reached USD490 million after payments of royalties to the UAE government, a 9 percent decline from the same quarter a year ago.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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