Etisalat in talks to acquire stake in Kazakhstani firm

Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) is reportedly negotiating the acquisition of a stake in Kazakhstani telecommunication company Kazakhtelecom.

Representatives from both companies will hold a meeting in May to determine the stake that will be bought by the Emirati company, according to Al Bayan newspaper.

In February, Etisalat reported a 2% year-on-year rise in net profits and for the full-year 2018, recording AED 8.61 billion. 

Mubasher Contribution Time: 30-Mar-2019 15:56 (GMT)
Mubasher Last Update Time: 30-Mar-2019 15:56 (GMT)