Bahrain Telecommunications' BTEL.BH joint $950 million bid for a stake in telco Zain Saudi 7030.SE has hit a snag over management rights, a source familiar with the matter said on Sunday.
Kuwaiti group Zain (ZAIN.KW) agreed to sell the 25 percent stake to Batelco and Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holdings 4280.SE in March.
Batelco wants the right to manage Zain Saudi if the deal goes through or will lower its bid, the source told Reuters.
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