It has been suggested that rising political tensions between India and Pakistan over the Mumbai attacks at the end of November may spill over into the economic arena, and that companies such as Telenor and Etisalat that have investments in both countries may be barred from operating in both markets.
In 2006 Etisalat concluded the acquisition of a 26 per cent stake in Pakistan Telecommunication Company Limited (PTCL). The UAE operator also has a management agreement in place in Pakistan and at one point was even rumoured to be looking to double its equity stake in the Pakistan operator.