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FINANCIAL NEWS
UAE’s Etisalat scraps plans to bid for Indian telco auction
06 Sep 2012
(MENAFN) UAE’s former monopoly Etisalat has decided to scrap plans to bid for airwaves in an Indian state auction scheduled in November, Reuters reported.
Earlier this year, Etisalat shut down its business in the subcontinent following a court ordered to revoke cellular permits including those granted to its local affiliate in a scandal-tainted 2008 sale.
Etisalat, with operations in 16 countries, reported USD517 million net profit, after federal royalty, for the second quarter.
Middle East’s No.2 telecoms operator said overseas revenue in the quarter grew by 14 percent to USD626 million.
More News
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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