There are lot of speculations in market about UAE telecom major Etisalat's India plans. Some says, like Telenor, it is planning to quit the Indian market while others say that it plans to invest in India's Idea Cellular. Still others are talking about Etisalat striking a deal with India's Reliance Communications this year. While asserting that it is keeping its options open regarding investment in the fast-growing Indian telecom market, Etisalat is not responding to other speculations. It seems Etisalat is yet to get an IDEA on how to succeed in Indian Telecom Market
Etisalat already has a presence in the Indian market as Etilsalat DB Telecom India Pvt Ltd, which was earlier known as Swan Telecom. On June 3, Etisalat Chairman Mohammed Omran revealed that the telecom firm was evaluating several Indian telecom firms for a possible stake acquisition, but had not reached a final decision. Etisalat is also waiting for the issuance of tender requirements by the Syrian government that will enable it to bid for Syria's third mobile license.
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