The board of Etisalat DB today announced that the name of Swan Telecom, a joint venture between Etisalat and DB Realty, has been changed to Etisalat DB Telecom India Pvt. Ltd. The company is headquartered in Mumbai, India.
This clearly shows that now Etisalat will be calling shots in the company and DB group would be only an investor in the company.
Swan became infamous in the current spectrum scam. The change of name would certainly give it some relief. It will not have to carry the legacy of spectrum scam with it.
Etisalat DB India Pvt. Ltd has been awarded the Unified Services Access License in 15 circles including Andhra Pradesh, Delhi, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Mumbai, Punjab, Rajasthan, Tamil Nadu (including Chennai), Uttar Pradesh (East), Uttar Pradesh (West), Madhya Pradesh and Bihar. |