UAE's Etisalat (ETEL.AD) will not bid again for Zain (ZAIN.KW) after it scrapped a $12 billon takeover of the Kuwaiti firm in March, Etisalat's chief international investments officer said on Tuesday.
"We have put Zain behind us. It's over," Jamal al Jarwan said at a telecoms conference.
Etisalat scrapped its offer to buy a controlling stake in Zain citing Zain's divided board, extended due diligence and regional unrest.
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