Business | Telecoms
etisalat 'may bid for stake in Tata firm'
etisalat may compete with Mexican billionaire Carlos Slim and Russia's Altimo for a $1 billion stake in India's Tata Teleservices Ltd, Al Khaleej newspaper reportedon Tuesday.
- Reuters
- Published: 00:41 May 14, 2008
Dubai: etisalat may compete with Mexican billionaire Carlos Slim and Russia's Altimo for a $1 billion stake in India's Tata Teleservices Ltd, Al Khaleej newspaper reported on Tuesday.
"We have already mentioned we are evaluating several opportunities in India," etisalat chairman Mohammad Omran said on Tuesday. "We haven't decided to select one at this stage. It is still too early," he said.
A Tata Teleservices spokesman declined to comment on the specifics of the story, saying "we continue to evaluate all options."
State-owned etisalat said last month it was looking to invest as much as $4 billion in India, either buying into a telecom provider or a licence.
The company had held talks with India's Spice Communications about a possible investment, Omran said last month.
Share this article
More from Telecoms
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Travel insurance offers peace of holiday mind
The wisest thing to do is to take out travel insurance before you leave.
-
Controlling risk through managed account
Can be simple stand-alone master funds or can grow to include several special purpose vehicles
-
Regional banking in throes of light and darkness
Loan-loss provision growing but lenders withstanding crisis
