Etisalat may join the Mexican Telcel and the Russian Altimo in the running for a USD1bn stake in India’s Tata Teleservices.
Etisalat Chairman Mohammed Omran told Reuters that “We have already mentioned we are evaluating several opportunities in India… We haven’t decided to select one at this stage. It is still too early”.
In April Etisalat said it was looking to invest as much as USD4 bn in India, either buying into a telecom provider or acquiring its own licences. The company is believed to have already held talks with Spice Communications.