Companies / United Arab Emirates
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Etisalat Makes It To Last Three For ArmenTel
June 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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UAE-based telecoms operator Etisalat has been short-listed in the auction for a 90% stake in Armenia's ArmenTel, the country's largest provider of fixed-line and mobile services. The move marks part of Etisalat's ongoing international expansion strategy, as its own mobile market leaves little room for further growth, with penetration rates expected to reach 109% by year-end.