Sunday, May 08, 2005

Etisalat shares plunge by ten pc - 7DAYS: "Shares in telecoms operator Etisalat fell sharply after the UAE announced that it had awarded a licence to a second operator, effectively ending the monopoly of Etisalat. Its shares closed at dsh35.30, down by dhs3.90, or nearly ten per cent on the Abu Dhabi Securities Market, as investors decided to dump the stock. "


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