UAE’s e& ends talks to hike stake in Saudi telco Mobily – Technology

DUBAI: The United Arab Emirates telecoms group e& said on Friday it had ended talks to raise its stake in Saudi Arabia’s Etihad Etisalat (Mobily) to 50% and one share.

“Emirates Telecommunications Group Co e& has terminated discussions regarding a possible increase in its shareholding in Mobily,” e& said in a company filing on the Abu Dhabi exchange.

“Following a period of engagement,…

Continue Reading


News Source: www.brecorder.com