UAE incumbent Etisalat has no plans in the near future to invest in Indian wireless phone business Idea Cellular, according to reports citing an interview with CEO for international investments Jamal Al-Jarwan in Arabic language daily Al Bayan.
He…
UAE incumbent Etisalat has no plans in the near future to invest in Indian wireless phone business Idea Cellular, according to reports citing an interview with CEO for international investments Jamal Al-Jarwan in Arabic language daily Al Bayan.
He nonetheless reasserted the company’s intentions to invest in the Indian telecom market, the reports wrote.
Earlier this week, Al-Jarwan told Bloomberg that the company was considering various options, including Idea Cellular, in order to expand its operations in India’s wireless market.
Etisalat already owns a 45% stake in Etisalat DB Telecom (formerly known as Swan Telecom), a mobile phone venture with DB Group, but this operator has yet to gain traction in the market.
