Kuwait telecoms firm Zain (ZAIN.KW), the Gulf's third-largest operator by market value, has no plans to sell its Sudan operations and expects better 2011 results by its Saudi unit, company officials said.
'We consider Sudan to be one of our strategic companies. We have no intention to sell at all,' CEO Nabeel bin Salama told reporters on Wednesday.
He was responding to a question about whether Zain may try to sell its Sudan unit before a planned deal for Emirates Telecommunications Corp ETEL.AD (Etisalat) to buy 46 percent of the Kuwaiti mobile operator."
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