ETISALAT-SWAN GETS NOC TO BUY ALLIANG INFRA
Swan Telecom (Etisalat-Swan) has bought out Allianz Infratech, marking the first acquisition among the new companies who were given telecom licenses last year. Etisalat-Swan has also got a ‘no-objection certificate’ from Department of Telecom (DoT) for the deal, which is estimated to be worth a few hundred crores. Allianz had applied for telecom licenses on a pan-India level, but was given permission to launch services in only two circles —... Read More