UAE-Based, Etisalat, plans USD one billion investment in its Indian JV with Swan Telecom.

“We entered India, one of the largest telecommunication markets in the world both in terms of growth and scale. Our commercial launch in India is planned for 2009,” said Etisalat chairman, Mohammed Hasan Omran.

“Our investment in India complements the other regional investments in Pakistan (PTCL), Afghanistan, and Indonesia, representing one of the fastest-growing markets in the telecommunication world,” he added.

He said the company will continue to identify opportunities to invest in various spheres and expand across the globe.