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FINANCIAL NEWS
Etisalat, Zain may return to talks on unit sale in Sudan
03 Dec 2013
(MENAFN) UAE’s Etisalat may resume talks to sell its telecom arm in Sudan, Canar, to Kuwait-based Zain, The Peninsula reported.
Acquiring Canar, which is the leading fixed-line carrier in Sudan, would be key for Zain’s strategy to go beyond providing mobile services in the country.
Talks between the two companies came to a halt early this year as Etisalat believed other companies might be interest in Canar and hoped for a better price.kuw
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