Abu Dhabi-Mubasher: Emirates Telecommunications Corporation “Etisalat”
has announced in a bourse filing to the Abu Dhabi Securities (ADX)
that Etisalat, Atlantique Telecom SA (AT) and Etisalat International
Benin Limited have successfully completed the sale of Etisalat’s
shareholdings in its operation in Benin, the Central African Republic,
Gabon, the Ivory Coast, Niger, Togo and Prestige Telecom to Itissalat
Al Maghrib (Marco Telecom).
“The final consideration in
return for Etisalat’s equity in and receivables (including shareholder
loans) amounts to 474 million euros,” Etisalat’s statement to the ADX
revealed.
Worth noting, by the end of the first nine months of 2014, Etisalat
made up 54.26% of the UAE, whereas Emirates Integrated
Telecommunications Company “du” accounted for the remaining 45.74%
during the period.
Etisalat’s capital amounts to AED
7.9 billion.
Photo Credit: Arabianeye-Reuters
