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FINANCIAL NEWS
UAE’s Etisalat to develop networks in core markets
22 Sep 2012
(MENAFN) UAE’s largest telecoms operator Etisalat plans to use the cash from stake sale in Indonesia’s PT XL Axiata to strengthen its networks in core markets and roll out additional services, Reuters reported.
Earlier this month, Etisalat complete the sale of 9.1 percent in PT XL Axiata for USD510 million, retaining a 4.2 percent holding.
The Indonesian sale, which followed an exit from India, was seen as part of a broader push to trim back on underperforming units.
Etisalat has already launched long-term evolution (LTE) next-generation networks in the UAE and Saudi Arabia.
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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