From Dow Jones Newswires Tuesday 09 June 2009 Sources say Zain is waiting for a response from French buyer this week, before studying other bids. Kuwait-based Mobile Telecommunications Co., or Zain Group, may settle this week a deal to sell its unit Celtel Africa to a French company for up to $12 billion, Kuwait-based Al Qabas daily reports Tuesday. The deal is expected to be profitable to Zain and will inject ample cash liquidity into it, the paper reports citing people familiar with the matter. Zain is waiting for reply from the French company this week and if the deal isn't settled Zain will study bids made by other companies, the people said according to the daily. The French company will also buy Celtel Africa's debts which will be discounted from the African telecom operator's price, the people added.