Kuwait’s Zain Repays $4 Billion in Loans, Al-Qabas Reports - Bloomberg.com

Mobile Telecommunications Co., the Kuwaiti phone company known as Zain, repaid about $4 billion in loans to 50 local and international lenders, Al-Qabas reported, without saying where it got the information.

Zain used proceeds from the sale of its African assets to Bharti Airtel Ltd. to repay the loans, the newspaper said.