Etisalat's pursuit of a 46 per cent stake in Zain has raised questions over the future of Zain's Saudi unit, analysts say.
Etisalat and Zain have units in the kingdom and compete for market share.
'The question that remains is what happens to Zain Saudi if this deal goes through,' said Farouk Miah, an analyst at NCB Capital in Riyadh.
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