UAE's Etisalat says no proposal, not in talks with Zain

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Emirates Telecommunications Corportation (Etisalat) said Thursday it has not made any proposals to acquire a stake in Kuwait-based Zain Group and is not in any talks with the telecom operator.

“We would like to inform you that Emirates Telecommunications Corportation (Etisalat) did not present any proposal or bid to acquire a stake in Zain or any of its assets in Africa,” a statement by the telecoms firm to the Abu Dhabi Securities Exchange said on Thursday.

“We would also like to inform you that Etisalat did not negotiate nor discuss any of these issues with Zain officials,” the statement continued.