Tag Archives | Etisalat

Etisalat Has Not Ruled Out Iraq Expansion

UAE telecom Etisalat has not ruled out expansion into Iraq after dropping its $12bn bid for a chunk of Kuwait’s Zain that would have given it access to the market, a senior executive said, according to a report from Arabian Business. “We are looking at all opportunities,” said Ahmed Bin Ali, group senior vice president […]

France Telecom Targets Iraq's Korek

According to the Financial Times, the European telecom giant France Telecom is engaged in talks to buy a minority stake in the Iraqi mobile phone operator Korek, as part of a bid to expand its operations in the Middle East. Although no deal has yet been struck, financial observers say that a potential agreement could […]

Iraq's Fourth Mobile Phone Licence

The Iraqi Minister of Communications has called on international companies to do business in the country's telecoms sector. Speaking at Telecoms World Middle East, Farook Abdul-Rahman revealed: "As you are all aware, we are not short of resources and finance and what we are really looking for from you is the transfer of the latest […]

Zain Shares Rise on Etisalat Approach

Etisalat, the state-controlled telecommunications company of the United Arab Emirates, has made an offer to acquire a large stake in Zain, Kuwait’s largest operator, which has mobile telecom operations in Iraq. The Financial Times reports that Zain, which is partially owned by Kuwait’s sovereign wealth fund (24.6%) and the country’s Kharafi family (13%), has been […]

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Etisalat to Decide on Iraq Market Soon

UAE-based telecom operator Etisalat will make a decision on how to get into the Iraqi market this month, a company executive told Reuters on Monday. Jamal Jarwan, head of Etisalat's international operations, said the company was considering bidding for a license in the war-torn country or tying up with Kurdish Iraqi operator Korek Telecom.