Etisalat eyes stake in Iraqi operator

23 February 2010

Mohammad Omran, Chairman of UAE-based Etisalat has said the company is close to buying a majority stake in Iraq's Korek Telecom as it looks to double revenues from overseas operations in three years, Reuters has reported. 'Etisalat is almost near to finalising a deal with Korek,' Mohammad Omran said at a press conference, adding it was in talks to buy a majority stake in the northern Iraq-based telecom firm.

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