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FINANCIAL NEWS
Etisalat to install fiber links for USD1.9b
03 Mar 2011
(MENAFN) The Chief Operating Officer in the telecom operator Etisalat, said that company plans expanding its fiber optic network through investing USD1.91 billion over the course of the coming three years, reported Reuters.
The largest operator in the GCC said that it aims at fully connecting the emirate of Abu Dhabi through fiber optic in 2011.
The COO added that the operator had invested USD1.9 billion so far and would add around the same amount of investment by 2014.
Etisalat, whose USD12bn bid for a controlling stake in Zain stalled this week after it missed a due diligence deadline, said it was still interested in the Kuwaiti firm.
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