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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Etisalat says $8bln bond, sukuk sale on hold

Posted on 07 June 2011

Mohammed OmranEmirates Telecommunications Corp’s $8bn bond and sukuk program is on hold and won’t be used this year, Chairman Mohammed Omran said Monday in Amman.
The company, known as Etisalat, will revisit a plan to seek Syria’s third mobile telephone license if terms were changed, he said. Etisalat, the Middle East’s largest telephone operator, will focus on the expansion of networks in the United Arab Emirates, Saudi Arabia and Egypt and not acquisitions and new licenses, he said at a conference……………………………………….Full Article: Source

 
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