Wednesday, 18 October 2017

Omantel pays $846m for 10% of Zain

By Nick Wood, Total Telecom
Thursday 10 August 17

Deal in line with Omani incumbent's diversification strategy.

Omantel on Thursday paid $846.1 million (€721.96 million) for a 9.84% stake in Kuwait-based Zain. The Omani incumbent said the transaction, which is subject to regulatory approval, is part of its diversification strategy…

Omantel on Thursday paid $846.1 million (€721.96 million) for a 9.84% stake in Kuwait-based Zain. The Omani incumbent said the transaction, which is subject to regulatory approval, is part of its diversification strategy…

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