Etisalat eye US$3.8 billion Reliance deal
Abu Dhabis Etisalat has confirmed it is looking to buy a stake in an Indian mobile operator following reports that it is in talks with Indias second-biggest mobile operator, Reliance Communications, over a US$3.8 billion deal. The stake would give Etisalat a vital presence in the worlds fastest-growing mobile market, where it currently owns a stake in a start-up telecoms firm.