Saturday, 22 September 2018

Etisalat abandons another expansion opportunity

By Mary Lennighan, Total Telecom
Wednesday 30 March 11

U.A.E. incumbent plays it safe again after earlier withdrawal from $12 billion Zain deal.

Less than two weeks after it pulled the plug on its planned $12 billion acquisition of Kuwait-based Zain, Etisalat has backed away from another opportunity for expansion outside its existing footprint. The United Arab Emirates incumbent on Wednesday issued a statement detailing its decision not to bid for the mobile operating licence on offer in Syria…

Less than two weeks after it pulled the plug on its planned $12 billion acquisition of Kuwait-based Zain, Etisalat has backed away from another opportunity for expansion outside its existing footprint. The United Arab Emirates incumbent on Wednesday issued a statement detailing its decision not to bid for the mobile operating licence on offer in Syria…

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