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FINANCIAL NEWS
Etisalat to tackle six countries for expansion
19 Feb 2010
(MENAFN) Emirates Telecommunication Corporation, known as Etisalat, said that it is currently exploring green-field business opportunities in several Mideast countries including, Iraq, Libya, Lebanon, Oman, Syria and Morocco, Khaleej Times reported.
The carrier’s Chairman, Mohammad Omran, indicated that there are six possible markets which would involve both the acquisition of green-field licenses within markets with low penetration levels and industry consolidation. He emphasized the significant importance of size and scale in order to avoid small operators being marginalized.
The chairman said that Etisalat is in an excellent financial and operational position to capitalize on these opportunities. He added that that the telecom firm is committed to investing in new technologies across the Middle East, Asia and Africa.
In the coming few months, Etisalat will be introducing new technology which will enable downloads of up to 42mbps, which will grow to 84mbps by end of year.
It is worth noting that Etisalat is the Arab world’s second largest telecommunication company.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
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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