Etisalat plans to buy majority stake in Swan Telecom
September 15, 2008
UAE-based Etisalat has emerged as the frontrunner for picking up majority stake in Swan Telecom for $1 billion. The deal will value the telecom operator between $1.7 and $2 billion. Swan Telecom has received spectrum for Delhi, Mumbai, Karnataka, Tamil Nadu, Andhra Pradesh, Kerala and Orissa.
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