MEA Tenders Ongoing, Hotly Pursued By Etisalat

January 2007 | Company Finance Alert

The robust performance by Etisalat is a reflection of the company's increasing focus on the emerging markets in the Middle East and Africa (MEA) region, which it is aggressively pursuing via numerous acquisitions and license tenders. Its own domestic market offers little room for future substantial growth, given the saturated nature of the mobile sector, although the Kingdom does have a fledgling 3G market, which is expected to be hotly pursued by Etisalat's new rival,

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