Bahrain Telecommunications Company (Batelco) faces difficulties raising international financing for its purchase of Zain's Saudi assets due to political tension in Bahrain, banking sources said on Thursday.
Bahraini telecom Batelco BTEL.BH teamed up with Kingdom Holding (4280.SE), the investment vehicle owned by Saudi billionaire Prince Alwaleed bin Talal, in a joint bid for the 25 percent stake in Zain Saudi Arabia 7030.SE. [ID:nLDE72F056]
Batelco could not immediately be reached for comment.
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