Etisalat

UAE telco wins top mobile phone awards

UAE telco wins top mobile phone awardsAbu Dhabi, Nov 7 : Etisalat Group, one of the leading telecom operators in the Middle East, Africa and Asia, has picked up two awards for the roll out of innovative mobile commerce solutions at the Mobile Money Global Awards.

"We are delighted to win these awards, as it is recognition that Etisalat is spreading the benefits of mobile finance to under-banked communities all over the world," Khalifa Al Shamsi, chief digital services officer at Etisalat Group, was quoted Thursday as saying.

Tech Mahindra, UAE's Etisalat announce partnership

Tech-Mahindra-EtisalatDubai, Oct 25 : Etisalat, the United Arab Emirates' (UAE's) leading telecom operator, Friday announced that it has forged a partnership with Tech Mahindra, the prominent Indian systems integrator, to offer its clients industry leading end-to-end services.

The partnership was signed during GITEX Technology Week, the Middle East, Africa and South Asia region's top ICT exhibition and conference held in Dubai Oct 20-24.

The new deal strengthens Etisalat's capability to act as a single source for complete end-to-end ICT services and support, both in the UAE and around the world.

Supreme Court rules against review petitions on license order

Supreme Court rules against review petitions on license orderThe Supreme Court of India has ruled against the petitions from seven telecommunications companies challenging the apex court’s earlier decision to cancel 122 telecom licenses in the country.

The Supreme Court also dismissed a similar plea filed by former telecom minister Andimuthu Raja. alleging that the ruling unfairly impeached him. The court rejected review petitions of companies including Videocon Telecommunications Ltd, STel Ltd, Sistema Shyam Teleservices Ltd, Tata Teleservices, Unitech Wireless Ltd, Etisalat DB Telecom Pvt. Ltd and Idea Cellular Ltd.

Etisalat prepares for its telecom business’ Indian exit

Etisalat prepares for its telecom business’ Indian exitUAE-based Emirates Telecommunications Corporation has started preparations for winding up its telecom operations in India following cancellations of its telecom licenses by the country's apex court recently.

The Supreme Court of India cancelled Etisalat's 13 licenses last month as part of a move in which it scrapped the validity of all 122 spectrum licenses that were granted to telecom firms during the former communications minister A Raja's time in office.

Etisalat files suit against promoters of Swan for fraud

Etisalat files suit against promoters of Swan for fraudUAE-based Emirates Telecommunications Corporation has field a lawsuit against the promoters of Swan Telecom (Etisalat DB) on Tuesday alleging fraud and misrepresentation in Indian operations.

Etisalat said in a statement that, “The Emirates Telecommunications Corporation-Etisalat has issued proceedings in the Indian courts against Mr. Balwa, Mr. Goenka and Majestic Infracon Pvt Ltd for fraud and misrepresentation.”

Etisalat profits fall 65 per cent

Etisalat profits fall 65 per centEmirates Telecommunications has reported a fall of 65 per cent in profits in the fourth quarter mainly as it incurred huge impairment charges for its Indian business.

The Abu Dhabi based company earned 705 million U. A. E. dirhams ($192 million) in the quarter, according to estimates. It reported a yearly profit of AED5.84 billion, compared with AED7.63 billion in the previous year.

Etisalat to challenge 2G spectrum related challenges

Etisalat to challenge 2G spectrum related challenges UAE-based Etisalat has said that its Indian unit will challenge the charges laid against it in the 2G spectrum allocation case in India. The company's India's unit, Etisalat DB has been named in the case involving allocation of 2G licence in January 2008.

2G Scam Engulfs UAE Based Company Etisalat

2G Scam Engulfs UAE Based Company EtisalatEnforcement Directorate issued a show-cause notice along with a penalty of Rs 7100 crores to Etisalat DB for violation of the Foreign Exchange Management Act (FEMA) under the 2G spectrum concern.

End of Etisalat's monopoly

Twofour54 deal will give the first time opportunity to choose between the telecommunications providers Etisalat and du by breaking Etisalat's monopoly.

At present, few areas of Dubai like the Dubai Marina and certain free zones are offered with du fixed line services. But now the operator has signed a memorandum of understanding with twofour54 to supply fixed-line telephone and broadband services to businesses operating in the media zone.

In 2010, residents of Burj Khalifa in UAE were the first to choose their broadband provider.

While twofour54 deal has made it possible for duo to, offer its primary fixed-line and broadband services in Abu Dhabi.

Etisalat's chief under scrutiny in connection with India's telecom probe

Etisalat's chief under scrutiny in connection with India's telecom probeThe vice chairman of Etisalat DB Telecom Pvt., Shahid Balwa is being scrutinized and has been put under arrest by the federal investigating agency in India because of his alleged connection in the 2G spectrum scam. This has rocked the whole sector and has also led to the detention of the ex-minister, A Raja.

Etisalat eyes Indian market through RCom

Etisalat eyes Indian market through RComIndia's second largest telecom player could be the vehicle for a Abu Dhabi company that eyes big on India. Etisalat from Dhabi is looking forward to sign a deal with Reliance Communications (RCom) for entering into the Indian telecom market.

While Etisalat is mulling its options, there is news that US telecom major, AT&T, is also thinking of investing in RCom.

With two investors at its side, the things are very rosy for RCom that is the only major local telecom player till now which does not have a foreign investor.

RCom Board Sanctions 26% Stake Sale Plan

RCom Board Sanctions 26% Stake Sale PlanAnil Ambani-led Reliance Communications announced that its board members have sanctioned a 26% stake sale in the company after much speculation over UAE-based Etisalat's interest in the offer.

The company statement said, "The board of directors of Reliance Communications has approved in-principle the induction of strategic or private equity investors into the company for an up to 26 percent equity stake at an appropriate premium."

Aamir Khan to become Etisalat’s brand ambassador

Aamir Khan to become Etisalat’s brand ambassadorIndian Bollywood Super-star Amir Khan, currently in news for rocking success of 3 Idiots, will be the new brand ambassador of Etisalat, a leading firm based in UAE which plans to roll out operation in Indian telecom segment.

The agreement reportedly for Rs 30-35 crores will last for three years, told persons concerned with the development.

Etisalat DB Telecom signs 5 year agreement with Tech Mahindra, Aegis, Conflux

Etisalat DB Telecom signs 5 year agreement with Tech Mahindra, Aegis, ConfluxTelecommunications major Etisalat DB Telecom has announced that it has entered into 5 year outsourcing pacts with Tech Mahindra, Aegis as well as Conflux.

The sources informed that the company has invested Rs 750 crore for the agreements in order to speed up Etisalat DB Telecom’s forthcoming launch of telecom services in the country.

Tech Mahindra wins order worth $400 million from Etisalat DB Telecom

Tech Mahindra wins order worth $400 million from Etisalat DB TelecomTech Mahindra, one of the leading IT solutions and service providers to the telecommunications industry, has received an IT applications and infrastructure outsourcing project worth $400 million from Etisalat DB Telecom, to manage the IT applications and infrastructure requirements for its proposed roll-out across 15 circles.

Tech Mahindra wins Etisalat Telecom Contract

Tech Mahindra wins Etisalat Telecom ContractIT solutions provider Tech Mahindra has bagged a major portion of telecom IT outsourcing deal worth Rs.1,500 crore from Etisalat DB Telecom India which is set to make entry in the highly potential Indian telecom sector.

Tech Mahindra recently acquired majority stake in fraud ridden Satyam Computer Services,The UAE based company had already awarded contract to Tech Mahindra and Sony Ericsson in February last year.

Seven other vendors including Wipro Technologies and IBM were in the race to bag the contract but Tech Mahindra emerged as a successful firm as per reports.

H1 profit of $1.25 billion posted by UAE telecom giant

Etisalat cuts iPhone pricesSaturday saw UAE telecom giant Etisalat posting first half profits of 4.593 billion dirhams (1.25 billion dollars), thereby proving that the company has successfully dealt with global economic slowdown.

It was agreed that the net profits were down on the headline figure of 5.045 billion dollars (1.37 billion dollars) posted for the same period of last year.

However, it was noted that the unusual income of 892 million dirhams from the sale of shares in Saudi mobile operator Mobily had inflated the figures.

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