Alternative options have emerged for the sale of Kuwaiti telecoms carrier Zain's (ZAIN.KW) Saudi unit, a local newspaper said on Tuesday citing sources which it did not identify.
A proposed $12 billion takeover of Zain by Etisalat (ETEL.AD) depends on the sale of the assets in Zain Saudi (7030.SE), valued at $750 million, due to regulatory requirements. [ID:nLDE71J00Y]
Availability of having options allowed Etisalat to focus on completing their due diligence for the stake buy before the end February deadline, the paper said without naming new bidders.
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