Omantel to buy additional 12 pct stake in Kuwait's Zain:
"Oman Telecommunication Co (Omantel) said on Monday it had agreed to buy a 12 percent stake in Kuwaiti telecommunications firm Zain in a deal that will more than double its stake.
The stake is worth about $946 million based on Zain’s current market value, Thomson Reuters data showed.
In August, Omantel purchased a 9.84 percent stake in Zain for $846 million, saying the transaction was part of a strategy launched to diversify its investment and market position in the region."
'via Blog this'
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