Various reports suggest that a Turkish company is pondering buying a stake in Zain (the mother company) from Khorafi (major shareholders). It is unusual that this should arise while Zain and Bharti haven’t yet closed their deal yet. If rumors are true, then I believe that the Turkish company will most likely be Turk Telekomunikasyon (TTKOM) as locals are talking about an arab connection (TTKOM is 55% owned by Oger). It is worth mentioning that prior to the Zain Africa sale, Zain was going to sell a 46% stake in the mother company. Lets wait and see.
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