Etisalat deal off, Zain Saudi sale in limbo
Abu Dhabi mobile operator Etisalat withdrew its bid for a 46% stake in Kuwaiti telecoms company, Zain, over the weekend. By cancelling the $12bn acquisition, Etisalat threw into doubt the related sale of Zain’s stake in Zain Saudi to Kingdom Holding and Bahrain Telecommunications Company (Batelco).
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