Emirates Telecom says may double Pakistan stake

DUBAI Sun Sep 9, 2007 11:55am IST

Related Topics

DUBAI (Reuters) - Emirates Telecommunications Corp. (Etisalat) said on Sunday it was considering doubling its stake in Pakistan Telecommunications Co. to 51 percent.

"We are evaluating that option and once we've arrived at the decision that this is positive, we will talk to the (Pakistani) government," Chairman Mohammed Hassan Omran told Reuters. He declined to say when the decision might be made.

Etisalat bought a 26 percent stake in PTCL in 2005 for $2.6 billion under an agreement that gives it management control.

Omran also said he expected Etisalat to invest at least $1 billion in Nigeria in the first three years after the company bought a 40 percent stake in a new Nigerian telephone operation last week.

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Earnings Season

Earnings Season

Wipro sees rosier end to year as U.S. clients spend.  Full Article 

DLF Appeals

DLF Appeals

DLF seeks interim relief from capital market ban  Full Article 

Business Climate

Business Climate

Fears for tough penalties grow as India cleans up business  Full Article 

New Email Service

New Email Service

Google launches new email service dubbed "Inbox".  Full Article 

Falling Oil Prices

Falling Oil Prices

Indian consumers respond to softer oil, food prices  Full Article 

Pollution Levels

Pollution Levels

Delhi braces for worst air quality this Diwali week.  Full Article 

Book Keeping

Book Keeping

RBI fires warning shots on companies' lack of FX hedging.  Full Article 

Policy Repo Rate

Policy Repo Rate

Most external members suggested rate cut in RBI's Sept review.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage