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FINANCIAL NEWS
Zain receives offer for its Africa operations
14 Feb 2010
(MENAFN) Kuwaiti telecommunication operator Zain said that it has received an offer for most of its Africa businesses, which represent a key market for the mobile phone company, Reuters reported.
The company said in a statement that the offer covers its operations on the continent outside Morocco and Sudan. However, it did not say who made the offer.
Kuwait’s al-Rai newspaper earlier reported that India’s Bharti Airtel had made a bid for the African operations, without naming its sources.
Zain said its board plans to discuss the offer and will release additional details as appropriate.
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