Swan to dilute 26 per cent stake
August 15, 2008
Swan Telecom, which has licences to provide cellular services in 13 telecom circles, is reportedly negotiating with foreign companies for diluting 26 per cent of its equity for around $470 million.
Etisalat is reportedly one of the prospective clients to have entered into exclusive talks with the service provider. Swan's enterprise value is pegged at around $2.2 billion including debt.
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