Etisalat and Du raise foreign ownership cap to 49%

Etislat and Du raise foreign ownership cap to 49%

Emirati operators Etisalat and Du have increased their cap on foreign share ownership from 20% to 49%.

As reported by Gulf News, the operators – which are both majority owned by the United Arab Emirates’ government – have raised the limit in a bid to draw both passive and active investment from overseas.

Additionally, TeleGeography notes that the move will enable both operators to pursue strategic partnerships with foreign firms as they prepare themselves for the booming 5G market in the UAE.

Despite having extensive international operations across Africa, the Middle East and Asia, international shareholders account for only around 5% of Etisalat’s total, with the majority held by Gulf nationals. For Du, the figure is even lower at under 1%.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE twice-weekly email newsletters for the latest telecom info in developing and emerging markets globally.
I agree with the Terms and conditions and the Privacy policy
By accepting occasional e-mails from our partners, inviting you to download articles, white papers and attend events, you are helping fund free access to this valuable news service for emerging markets.