Etisalat eyes $5bn Iran investment over 5 years

Telecom major makes plans after winning Iran’s third mobile licence - chairman.

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By  Souhail Karam Published  January 25, 2009

Emirates Telecommunications Corp (Etisalat) expects to invest up to $5 billion over five years in its Iran operations after winning the country's third mobile phone licence, its chairman said on Sunday.

"We will invest $4 billion to $5 billion in the Iranian operation in five years," Mohammed Hassan Omran told reporters at an economic conference in Saudi Arabia. (Reuters)

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