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Etisalat given US$500m for Maroc Telecom deal

Grant is latest example of Abu Dhabi govt's support for local firms' foreign expansion
Wednesday, May 28, 2014 - 06:00

[DUBAI] Abu Dhabi gave Etisalat a US$500 million grant towards its 4.14 billion euro (S$7.1 billion) purchase of 53 per cent of Maroc Telecom, the company's prospectus for a planned bond issue shows.The grant provides further evidence of Abu Dhabi's support for its companies' foreign expansion

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