Reuters on wednesday reported that Emirates Telecommunication, better known as Etisalat doesn't expect a deal with Reliance ADA communications in the year 2010. The global chief for Etisalat Jamal-ar Jarwan confirmed this, and also didn't rule out any investment in Aditya Birla's Idea cellular.
For me, this comes as a surprise as Etisalat's towers have again started working, and are now easily detectable even in far away regions of the National capital region like Dadri Link road and Greater Noida. And a company which has invested so much in towers doesn't make sense to buy stake in other 'to be' competitiors. AND thats after Etisalat holds a good 45% share in Etisalat DB. I find Etisalat to be pretty confused on what to do. They haven't even started commercial operations(thats as far as i know).
Wierd strategic policies companies have...
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