Viva, which competes with Zain and Ooredoo subsidiary Wataniya, said it had 2.15 million mobile customers in 2013.
Etisalat, which last month mandated banks for the bond issue, may also issue a 30-year tranche.
Etisalat led a consortium that bought a 26 per cent stake in Pakistan Telecommunication for $2.6 billion, with $1.8 billion paid upfront.
The regulator had halted the trading of STC shares after the company failed to give sufficient details on a network sharing deal.
The Capital Market Authority (CMA) has suspended trading in Atheeb shares until the company provides more details.
The so-called Indefeasible Rights of Use (IRU) agreement gives Atheeb access to 30,000 STC data connections for 15 years.
Etisalat may issue paper of five and 10 years duration denominated in U.S. dollars, as well as offerings in euros with lifespans of seven and 12 years.
Atheeb said it wants to cancel the deal with Mobily “due to some technical and logistical difficulties”.
Analysts say the main attraction for Mobily, an affiliate of the UAE’ Etisalat, was to acquire Atheeb’s landline licence.
The deal, expected to be in place by the end of 2014, will intensify competition between the two telcos in the UAE.
Out of 190,185 mobile number porting requests received, only 55,555 were successfully transferred, the UAE’s telecom regulator said.
Zanzibar Telecom, which uses the brand name Zantel, has struggled against larger rivals Vodacom and Bharti Airtel.
Vodafone made an annual loss of QAR246 million in the 12 months to March 31.
A separate document from lead arrangers showed Etisalat chose Deutsche Bank, Goldman Sachs, HSBC and Royal Bank of Scotland to arrange the offering.
Etisalat and rival du have been unable to reach an agreement over network-sharing in the UAE despite beginning talks in 2009.
Etisalat is 60 per cent owned by the United Arab Emirates.
Etisalat paid 4.14 billion euros ($5.7 billion) for Paris-listed Vivendi’s stake in Maroc Telecom.
Regional telecom operators are grappling with new business models and growing competition. Enterprise provider SAP says it can help.
Ooredoo will use the new facility to repay a $750 million loan due in May 2015.
The operator did not say when it would issue the sukuk.
Etisalat bought Paris-listed Vivendi’s stake in Maroc Telecom last week for $5.7 billion.
Etisalat has bought into Maroc Telecom through a separate legal entity, Etisalat International North Africa (EINA).
YotaPhone aims to offer users a unique interactive experience with an additional electronic paper display.
The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.
Etisalat has agreed to pay 4.2 billion euros for the stake.
Omantel attributed the profit rise to a 29 per cent increase in wholesale revenue.
Zain did not explain why it had done the deal but its chief executive said last year that the Kuwaiti telco wanted to retain majority control of the subsidiary.
Decision reverses an earlier plan to hold a multimillion dollar auction.
The airline received 48.3 million passengers in 2013.
The agreement is dependent on Etisalat’s acquisition of a 53 per cent stake in Maroc Telecom from Vivendi.