UAE-based operator Etisalat has unveiled its first self-branded mobile device, the Etisalat 211 FM, reports Telecompaper. The device comes bundled with a prepaid Wasel SIM card along with free airtime for international calls over a period of three months.
TeleGeography notes that UAE-based telecoms operator Etisalat has announced its results for the nine months ended 30 September 2009, reporting revenue of AED22.107 billion (US$6.02 billion), up from AED20.805 billion in the same period a year earlier.
Indian operator Reliance Communications (R-Com) is to partly sell-off its tower business in an IPO that could fetch the company US$1 billion. R-Com’s owner – billionaire businessman Anil Ambani – told an annual general meeting of shareholders yesterday that the operator would offer 10 percent of its tower business, Reliance Infratel, to investors, reports Financial Times.
Luxembourg-based Millicom has sold its Tigo-branded mobile network in Sri Lanka to Etisalat for US$155 million in cash, ending months of speculation over the identity of an eventual acquirer. Previous names in the frame include Bharti, BSNL, VimpelCom, Axiata and NTT Docomo.