Etisalat plans USD1bn spend in Iran

January 13, 2009 at 18:56 Leave a comment

The UAE-based telco Etisalat has said it plans to invest USD1 billion rolling out a cellular network in Iran where it has been awarded the country’s third national mobile licence. Etisalat will take a 49% stake in a consortium which also involves local firm Tamin Telecom. The UAE telco hopes to launch in the second half of this year and win a million subscribers in its first year of operation. Iran’s semi-official news agency Fars announced last month that Etisalat had beaten off rival bids from the likes of Omantel of Oman and Malaysia’s TM International, with the winning bid more than 5% higher than the next highest offer. The result of the tender is still awaiting official approval by Iran’s telecoms ministry.

Wireless Industry News

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Entry filed under: Etisalat, Iran, Middle East, Mobile, Omantel, Telecom, Wireless. Tags: , , , , .

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