Etisalat Archives - Page 24 of 25 - Mobile World Live

Etisalat

Mobile boom fuels Bharti growth

Bharti Airtel strengthened its dominance in the increasingly competitive Indian market during the previous fiscal year (ending 31 March 2009), reporting a 37 percent year-on-year rise in revenue (INR369.6 billion/US$7.4 billion) and a 26 percent increase in net income (INR84.7 billion/US$1.7 billion).

Zain to snap up Iranian license as earlier bid fails

Reuters reports today that Kuwaiti-based mobile giant Zain is on track to land Iran’s third mobile license following reports that the earlier winner of the license – a consortium comprising Etisalat and local operator Taameen Telecom – has been stripped of the license. Etisalat/Taameen won the license in January but comments from Iran’s Communications Regulatory Authority today suggest that its winning bid has been scrapped because the consortium has failed to meet its obligations.

Etisalat preps African, Middle East expansion

UAE-based operator Etisalat will bid for a stake in Morocco’s second-largest operator, Meditel, and is eyeing Middle Eastern opportunities, reports Reuters.

Orascom trumped in Meditel stake sale

Naguib Sawiris, CEO of Orascom Telecom, says the Egyptian company’s initial bid for a 32 percent stake in Moroccan operator Meditel has been trumped by two other interested parties, reports TeleGeography, citing Reuters.

UAE operators in network sharing talks

Cellular News reports that the UAE’s two mobile networks, Du and Etisalat, are in talks that could lead to network infrastructure sharing in an effort to cut operating costs.

 

Huawei and Etisalat sign vendor financing deal

Chinese equipment vendor Huawei has struck a deal Etisalat to provide the Middle Eastern-based mobile group with vendor financing.

Etisalat Nigeria hits 1 million subs

Mobile operator Etisalat Nigeria has announced that it has reached the 1 million subscriber milestone, notes Telecompaper.

Etisalat to invest US2B

Nigerian mobile operator Etisalat Nigeria will invest US$2 billion over the next three years in the deployment of network infrastructure, notes Telegeography.

Iran hints at new auction for third mobile license

The saga over the award of Iran’s third mobile license appeared to take another twist this week with news that the government may begin a new tender process, reports Cellular News.

Etisalat reports 10% revenue growth, net profit down

Telecompaper notes that UAE-based operator Etisalat reported a net profit of AED4.593 billion (US$1.25 billion) for the first half of this year compared with AED5.045 billion in the first half of 2008, which included profit on sale of shares in Mobily of AED892 million.