Etisalat eyes $5bn Iran investment over 5 years
Telecom major makes plans after winning Iran’s third mobile licence - chairman.
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)