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FINANCIAL NEWS
Etisalat Nigeria acquires local 3G license firm
05 Dec 2010
(MENAFN) Steven Evans, Chief Executive at Etisalat Nigeria, the Nigerian subsidiary of UAE-based Etisalat, said that the company has acquired Alheri Mobile Services Ltd, a local telecoms firm with a 3G license in order to help it develop its data and broadband services and compete with other GSM operators, Reuters reported.
Etisalat Nigeria�s acquisition of Alheri Mobile Services Ltd will enable the UAE-based company to compete with its main African rival, South Africa’s MTN Group, India’s Bharti Airtel and local rival Globacom, all of which already operate 3G services, said Evans.
Recently acquired Alheri was owned by billionaire industrialist Aliko Dangote, who bought the 3G license about 3 years ago but never made it operational, eventually decided to sell it to Etisalat Nigeria, whereas proceeds from the sale would be used to develop Alheri’s other telecoms assets.
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