UAE Banks: Pacific Controls in talks to sell data centre to Etisalat
Pacific Controls is reportedly in talks to sell its data centre in Dubai to Etisalat. Pacific Controls is a Dubai based technology company which is currently in talks with banks to restructure AED1.4bn in debt. If the sale goes ahead it could potentially be positive for its debt restructuring. The company began talks with banks during summer after hitting problems with its repayments, partly due to delays in payments from some clients.
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