Companies / United Arab Emirates
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UAE's TECOM Expands International Presence
May 2006 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Tecom Investments (TECOM) and the Dubai Investment Group (DIG), has won the tender to acquire a 60% controlling stake in the Maltese telecom operator Maltacom. TECOM, which is owned by the UAE's second national mobile operator Emirates Integrated Telecommunication Company (EITC) submitted a final bid of EUR220mn. TECOM chief executive Ahmad bin Byat said: "It has provided us with an ideal opportunity to become the focal point for the expansion of the ICT sector in the Mediterranean region."