Etisalat says it is committed to acquiring a controlling stake in Zain, despite missing a second deadline to complete its due diligence on the deal.
The UAE operator has collected all the information related to the due diligence and is in the process of analysing the data before making a final decision, said Ahmed bin Ali, the senior vice president of corporate communications at Etisalat.
"Consequently the results will be discussed with the sellers in a later stage, and the final results will be presented to Etisalat's board of directors to make a decision in this regard," said Mr bin Ali. Etisalat and Zain are "still in talks", he said.
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