Communications & IT
August 2013

Etisalat, a UAE-based telecommunications operator, has hired Goldman Sachs Group to advise on its planned bid for Pakistan mobile operator Warid Telecom, two sources aware of the matter said, according to a Reuters report. Warid, the country’s smallest operator, has been put on the block in a sale likely to fetch up to $1 billion.






August 2013

SAUDI Telecom Co (STC) has begun steps to sell its Indonesian business, banking sources said, as the state-owned firm posted a 41 per cent drop in second-quarter profit, reports Reuters. Saudi Telecom has invested heavily in its Indonesian unit but competitive pressure has dragged on earnings.






August 2013

Info2cell.com, a leading mobile services application provider in the Middle East is planning to expand to Thailand as part of a strategy to tap into the thriving telecommunications market in South East Asia.






August 2013

Du announces dividendsDU, the UAE’ second biggest telecom operator, said it would pay Dh1 billion ($272.3 million) to shareholders via special and interim dividends, after it posted a 46 per cent rise in second-quarter net profit.






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