Sunday, January 22, 2012
Etisalat was in Buyout Talks with Nayatel/Micronet
Etisalat was in takeover talks with Nayatel, a local internet service provider based in Islamabad/Rawalpindi, reported Reuters.
Nayatel confirmed that Etisalat was indeed in talks with Nayatel for buyout of its DSL/Fiber-optic operations. However, talks remained inconclusive and are over now due to price differences from both the sides.
Local internet service provider companies are facing tough competition from PTCL, probably a reason that Micronet had to close its broadband operations for at least 3 exchanges in Islamabad recently.
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