UAE telecoms firm Etisalat (ETEL.AD), whose $12 billion bid for a controlling stake in Zain has been hit by setbacks, on Wednesday said it was still interested in the Kuwaiti firm.
Etisalat said it had accumulated all the information required for due diligence on Zain (ZAIN.KW) and will now analyse it and discuss the results with the seller.
"(Etisalat's) stand towards Zain acquisition is not changed and Etisalat is still interested in the Zain deal," a spokesman said in a statement.
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