Mobile Telecommunications Co., the Kuwaiti phone company known as Zain, surged the most in five months after Emirates Telecommunications Corp. said it’s still interested in buying a stake in the company.
The shares rose 4.7 percent, the most since Sept. 29, to 1,340 fils at the 12:30 p.m. close in Kuwait City.
Etisalat, the Abu Dhabi-based phone company seeking control of Zain, missed a second deadline in its attempt to acquire a 46 percent stake for $12 billion, Zain’s second-biggest shareholder said March 1.
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