Wednesday, September 24, 2008

Etisalat buys 45% in Swan Telecom

UAE-based Emirates Telecommunications Corporation (Etisalat) has signed an agreement to acquire 45 per cent stake in India’s Swan Telecom for around $900 million (around Rs 4,140 crore). The deal puts the value of the Indian GSM service provider, which holds telecom licences in 13 circles, at around $2 billion

For details read Business Standard Report

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