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FINANCIAL NEWS
India’s Reliance Communications disconnects Etisalat DB from network
24 Jan 2012
(MENAFN) India’s Reliance Communications said that due to non-payment fees, the company cut off Etisalat DB (EDB), a mobile phone joint venture between India’s DB Group and Abu Dhabi-based Etisalat, from its network, reported Reuters.
The firm added that under a 10-year contract inked in 2009, Etisalat DB uses Reliance’s base stations and towers to provide services in 15 zones in India; however, EDB didn’t pay fees, in spite of repeated reminders.
On the other hand, EDB said that it was facing network disruption across India due to a technical issue beyond its control, nevertheless, the firm didn’t mention any dispute with Reliance Communications.
It is worth noting that EDB is ranked 14th among India’s 15 mobile operators, and as of December, the firm had 1.67 million subscribers.
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