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Etisalat Intends To Raise Its Stake In Etisalat DB |
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Etisalat intends to raise its 44.73 per cent stake in its Indian subsidiary Etisalat DB to 50% plus one share and for this purpose has filed an application on 3rd December last year to the Indian Foreign Investment Promotion Board (FIPB) for approval. Etisalat DB Telecom has the Unified Services Access License in 15 circles including Andhra Pradesh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Mumbai, Punjab, Rajasthan, Tamil Nadu (including Chennai), Uttar Pradesh (East), Uttar Pradesh (West), Madhya Pradesh and Bihar. These licenses enable the Company to provide a full spectrum of telecom services covering a population of over 900 million across these circles. Under the license the Company can also provide Internet Telephony, Internet Services and Broadband Services. The company is headquartered in Mumbai. Etisalat DB’s services will include national and international long distance telephony solutions, full range of prepaid and postpaid products, national and international roaming and Value Added Services.
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