Thursday 8 September 2011

Zain Saudi $950 mln stake sale still weeks away - bidder | Reuters

Bahrain Telecommunications is still weeks away from completing a $950 million deal to buy a quarter-stake in telecoms operator Zain Saudi , the joint bidder has told Reuters.

Kuwaiti group Zain in March agreed to sell its 25-percent stake in Zain Saudi to Batelco and Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding .

In July, Batelco estimated the deal would be completed within eight weeks.

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