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Etisalat writes off over $820 mn in India operations post 2G verdict

Etisalat net profit will take a $277 mn hit from the SC's decision to cancel all 15 licences held by Etisalat DB Telecom

Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
Irate passengers at a closed Kingfisher Airlines counter, Mumbai airport - Source: AP
UAE-based Etisalat Group on Thursday announced that it will write off about $820 million, or 3,044 AED (Emirati Dirham) as part losses incurred from its India operations.
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