Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.
The company plans to use net proceeds from the sale for general corporate purposes including re-financing existing indebtedness.
The case comes ahead of the launch of mobile number portability next month.
An Etisalat consortium bought a 26 per cent stake in PTCL for $2.6 billion in 2005.
Experts are working around the clock to prevent another cable cut disaster.
Omantel reported a net profit of 29.1 million rials in the three months to September 30, up from 28 million rials in the year-earlier period.
The operator made a net profit of 53 million dinars in Q3 compared with a net profit of 59.7 million in the year-earlier period.
Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.
Etisalat will pay Vivendi 3.9 billion euros for the stake, plus a further 300 million euros in 2012 dividends from Maroc Telecom
Etisalat is running a trade-in option, allowing its customers to exchange their old iPhone 5 or 4S devices for discounted rates on the new range.
Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.
Analysts polled by Reuters had expected only a 12 per cent drop in Ooredoo’s third-quarter profit.
Du made a net profit of Dhs474.3 million in the three months to September 30, up from Dhs326.9 million in the year-earlier period.
STC made a net profit of 3.39 billion Saudi riyals in the three months to September 30, up from 1.95 billion riyals a year earlier.
The firm’s capital spending and operating expenses each rose by about a third.
The telecoms operator made a net loss of SAR421 million in the three months to Sept. 30
Amer Kazim will replace longstanding incumbent Mark Shuttleworth.
Emirates International Telecommunications is seeking to sell its 35 per cent stake in Tunisie Telecom and 26 per cent stake in Axiom Telecom.
Ooredoo shares listed on the Qatar Exchange are up 34 per cent this year, but remain 8.6 per cent below a 2005 peak.
Number portability would allow customers of Etisalat and du to switch providers and keep the same phone number.
Kinetic BPO is hoping to improve customer service standards in the UAE’s telecoms industry.
Vodafone, Kuwait’s Zain, UAE’s du and Kuwaiti internet service provider Zajil will create the Middle East-Europe Terrestrial System
Qatar is the only MENA country and one of the two non-European countries to be featured in the list.
Vivendi in July entered into exclusive negotiations with Etisalat to sell its majority holding stake in Maroc Telecom for 3.9 billion euros in cash.
Fairfax, which currently owns 10 per cent of BlackBerry, will pay $9 for each outstanding share.
The agreement will provide Oreedoo’s customers access to Disney movies and channels via video-on-demand services.
The government plans to offload a 19 per cent stake in the operator via a public subscription.
The telecoms operator is looking to raise more than $1 billion through its IPO next year.
Research shows that out of the 200,000 SMEs in the UAE, only 10 per cent have an online presence.
Etisalat and du are suspending services of subscribers who have not registered their SIM cards on time.