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FINANCIAL NEWS
Etisalat has no plans for foreign acquisitions
11 Oct 2011
(MENAFN) UAE’s Etisalat chairman said lately the company has no immediate plans for foreign acquisitions, Arabian Business reported.
He added that the company had yet to decide on whether to bid for Iraq’s fourth mobile license expected to be auctioned by year-end.
The former monopoly scrapped a USD12 billion takeover bid for Kuwait’s Zain in March.
He added that Etisalat was comfortable with its assets and not considering selling any of its foreign operations or to issue debt.
Etisalat is active in 18 countries, yet about three-quarters of its revenues in the first half of 2011 came from domestic operations.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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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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