Disqus
Etisalat has increased its holding in its Indian mobile network by buying a 5.37% stake from Chennai-based Genex Exim Ventures. According to Economics Times, the company paid around Rs 380 crore (about $81 million) for the stake, pushing its holding in the carrier to above the 50% mark.
Earlier this year, Etisalat acquired 45% of Swan Telecom for $900 million, and have renamed the company to Etisalat DB, later in the year. It was also recently reported that Etisalat DB is in talks to merge with another operator – Allianz Infratech…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
