Choosing The Right Forum For Business Disputes | Etisalat Sues Indian JV Partner In Indian Courts.

Posted on Mar 12, 2012 in Emirates-Asia, India, UAE Law and Business

Late last month, the local media was flooded with reports of UAE-based operator Etisalat initiating legal proceedings in Indian courts against its Indian JV partner alleging fraud and misrepresentation. Given that the Indian court system is often criticized for its protracted judicial processes and accumulation of huge arrears of cases, the first question that comes […]

Etisalat Commences Legal Proceedings Against Swan Telecom Promoters

– The Emirates Telecommunications Corporation – Etisalat has issued proceedings in the Indian Courts against Mr Balwa, Mr Goenka and Majestic Infracon Pvt Ltd for fraud and misrepresentation. Etisalat’s case is that it was induced to sign agreements without knowledge of the allegations of fraud now in the courts.   My Solution Info Related articles […]

Etisalat Named Most Powerful Company in UAE

Posted on Mar 2, 2012 in UAE Law and Business

ABU DHABI: Etisalat today received a prestigious award from Forbes Middle East for being the most powerful company in the UAE.The award was received by Ali Al Ahmed, Chief Corporate Communications Officer, Etisalat UAE on behalf of Mohammad Omran, Etisalat chairman at a ceremony held under the…

Is Etisalat Feeling the Pain?

Posted on Feb 21, 2012 in Emirates-Middle East, UAE Economy, UAE Technology

Etisalat, the UAE’s largest telco, is seeking a syndicated loan for up to $2bn for general corporate purposes. The announcement comes just days after Etisalat took a $872 m write down on its Indian operations after the announcement that it is likely to lose its Indian license. On February 9 Etisalat also announced that its […]

Indian Costs Weigh Down Etisalat

Posted on Feb 10, 2012 in Emirates-Asia, India

Abu Dhabi based Etisalat, the Middle East’s biggest telecom provider, posted a 4Q downturn of 65% in net profit due to a decision made last week by the Indian Supreme Court. Last week, the Court decided to cancel all mobile-telecom-service licenses issued  in the country without auction after January 2008. The decision raises uncertainty over billions […]

Latin and UAE Telecoms Launch Strategic Initiative

Telecom giants Etisalat and Telefonica announced that they have initiated a strategic partnership agreement through which they will collaborate on new global projects, emerging products and services relating to finance products and cloud-based services.  The agreement will enable both companies to strengthen their respective positions internationally, especially since they do not compete for the same […]

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