Emirates telecom may double its stake in Pakistan soon!

With things the way they are in Pakistan,this news certainly comes as a spot of good news to the already beleaguered economy.what with the political situation in a turmoil with both ex-prime ministers of Pakistan,Benazir Bhutto and Nawaz Shariff,returning to Pakistan soon,the emirates telecom,Etisalat has announced that it has decided to up its stake in Pakistan telecom from 26% to 51%.this announcement was made very recently and the talks with current Pakistani government is expected to take place soon regarding this.but with the situation in Pakistan in such a flux,will this talk take place is any body's bet!

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Nokia siemens enters Israel!

The telecom market is booming in Israel and the middle east and now the Indian set up of Nokia-Siemens has won an order for networking from the Israeli cell giant Cellcom.this is a feather of sorts in the cap of the Nokia-Siemens cap.what this will entail is that they would end up supplying a core and broadband network to the Israeli company and this would also entail an entry of sorts in to a very competitive field in the middle east.of late,Indian companies and the Indian-western merged companies are diversifying at a very rapid pace.but of course,the recent credit scare has dried up the liquidity in the market but whether this will have an effect on the expansion remains to be seen!

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