Etisalat takes big stake in Swan Telecom

Emirates Telecommunications Corporation (Etisalat) announced Tuesday that it will buy a 45 percent stake in India's Swan Telecom for $900 million.

The UAE-based Etisalat will now have an entry way to a gigantic emerging market, which is the world's second largest in terms of subscribers. Broadband penetration is limited in India, and many experts predict a rapidly growing middle class will increasingly turn to mobile products to meet their communications needs instead. Swan, now valued at more than $2 billion, will benefit from Etisalat's experienced merger team, which has already set up operations in 16 other countries; Etisalat gains a presence in a huge market, as Swan already holds 13 licenses (hard to come by in India) and is in the process of getting two more. Sounds like a win for both. 

For more:
- see the article 

Related Articles
UAE finally embraces VoIP--gingerly
SPOTLIGHT: Banning Skype boosts incumbents' revs

Suggested Articles

On Friday, CenturyLink announced it recently finished up a fiber project that connected 14,000 additional homes, in Boulder, Colo. to gigabit speeds.

SD-WAN could emerge as a prime technology that better enables work-from-home (WFH) and work-from-anywhere (WFA) scenarios for enterprises.

Windstream Enterprise has launched a live, web-based chat feature for its OfficeSuite UC Contact Center Services portfolio.