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FINANCIAL NEWS
Etisalat eyes expansion in Africa, Asia
04 Apr 2011
(MENAFN) Etisalat senior vice president of corporate communications, Ahmed bin Ali, stated that the company eyes more expansion in Africa and Asia, and saw potential markets for Etisalat in Lebanon, Iraq, and Sudan, reported The National.
Bin Ali also said that the telecom giant would not let the failure of its acquisition of Kuwaiti Zain for USD12 billion hinder its plans for overseas expansion.
The VP of corporate communications added that Etisalat had in its scope a large part of its growth to come from the subscribers from the news markets in which it plans to expand.
It is worth noting that Etisalat’s Zain purchase would have given the telecom giant access to further markets such Kuwait, Jordan, and Morocco.
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