Etisalat Identifies 18 Banks to Finance Zain Deal, Al Bayan Says - Bloomberg

Emirates Telecommunications Corp., known as Etisalat, has identified 18 local and international banks for the financing of its $12 billion offer for control of Kuwait’s Zain, Kuwait’s biggest phone operator, Chief Financial Officer Salem al Sharhan told Al Bayan today.

The banks showed a “serious interest” in financing the potential transaction after negotiations, he told the newspaper.