Qatar Telecom could buy Zain Saudi Arabia

03 October 2010

Deal will clear a regulatory hurdle for Etisalat’s bid for parent company Zain

Sico bank has said that Qatar Telecom (Qtel) may seek to buy Zain Saudi Arabia, a deal which would clear a regulatory hurdle for Etisalat’s bid for parent company Zain, Reuters has reported. “Qatar Telecom could be a possible contender for taking over Zain’s Saudi operation considering its strategic ambitions to expand its operations in the Zain’s stake in Zain Saudi Arabia would be worth $925m assuming a 25% premium for a controlling stake,” the lender said.

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