Mergers and Acquistions News
Categories: Telecoms
October 4th 2011, 16:23PM
The United Arab Emirates (UAE) telecoms provider Etisalat is open to partnerships and new licensing opportunities in an effort to expand into new markets.
Mergers and acquisition opportunities are diminishing despite the need for consolidation, Reuters reported the company's senior vice-president for corporate communications Ahmed bin Ali as saying.
Etisalat operates in 18 countries but has seen profits decline in five of the past six quarters.
Around 75 per cent of its revenue in the first half of 2011 came from the UAE, yet rival firm du accounts for 44 per cent of mobile subscriptions.
"If [consolidation] is not available, the right model for most of the market is partnering or alliances between operators where they can benefit from economies of scale, resources and technology," Mr bin Ali told the news agency.
Vizada was recently selected by Eutelsat to design a new telecommunications satellite for the provision of data, internet, video and telecom services across areas including the Middle East, central Asia and Africa. 
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