Etisalat could buy Tata stake

<br/>Provided by 7DAYS.ae<br/><br/>Etisalat may compete with Mexican billionaire Carlos Slim and Russia&#8217;s Altimo for a one-billion-dollar stake in India&#8217;s Tata Teleservices, according to Arabic media reports. &#8220;We have already mentioned we are evaluating several opportunities in India,&#8221;  chairman Mohammed Omran said yesterday.<br/>&#8220;We haven&#8217;t decided to select one at this stage. It is still too early,&#8221; he said, declining to comment directly on the reports, which suggested Etisalat was likely to make the best offer for a Tata stake. A spokesman for Tata Teleservices declined to comment on the specifics of the story, saying &#8220;we continue to evaluate all options&#8221;.<br/>Etisalat said last month it was looking to invest as much as $4 billion in India, either buying into a telecoms provider or acquiring a licence.<br/><br/>Read more UAE News on <a href="http://www.7days.ae/showstory.php?id=72552">www.7days.ae</a><br/>
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