Dubai Holding DUBAH.UL, the conglomerate owned by the ruler of Dubai, is considering a sale of its remaining 26-percent stake in local mobile phone retailer Axiom Telecom, three sources familiar with the matter said.
A sale could fetch a price of $300 million for Dubai Holding's unit Emirates International Telecommunications LLC (EIT), said a banking source speaking on condition of anonymity.
The holding company is in the process of nominating an advisor to evaluate options for the stake, two other sources said.
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