Etihad Etisalat to invest Rs 70 cr, hire 200 professionals by year-end
Our Bureau
Bangalore, March 25 Etihad Etisalat Co (Mobily), Saudi Arabia’s second largest mobile telephone operator, said on Tuesday that it plans to invest Rs 70 crore in the next three years to expand its operations in India.
The company had set up a wholly owned subsidiary, Mobily InfoTech India Pvt Ltd, last year with an investment of Rs 20 crore to provide IT solutions and consulting services for the parent company.
The company said Mobily InfoTech India Pvt Ltd would hire more than 200 professionals by the end of 2008. At present, it employs about 70 people.
Mr Khalid Al Kaf, Chief Executive and Managing Director, Mobily, said from 2010, Mobily InfoTech India Pvt Ltd would provide services to external telecom operators as well.
He said the Rs 70-crore investment is an initial estimate and the size may increase later.
Mr Al Kaf said the company is open to entering the mobile phone services market in India and is closely monitoring the “very interesting” market in India.

Mar 26, 2008, Business Line