Finance / India
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Etisalat Voices Interest In India's Spice
June 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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India's Spice Communications has been approached by the UAE's Etisalat, among others, over a possible stake sale, according to Reuters. Earlier in April 2008, Etisalat was reportedly in talks with Spice Communications, which has operations in two states, Punjab and Karnataka. It is no secret of Etisalat's eagerness to enter the world's fastest growing market. The operator has been associated with its interest to acquire an estimated 10% shareholding valued at around US$1bn in Tata Teleservices.