NGULI
JF-Expert Member
- Mar 31, 2008
- 4,803
- 637
Tuesday, Jun 09, 2009
BEIRUT (Zawya Dow Jones)--Kuwait-based Mobile Telecommunications Co., or Zain GroupMobile 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 ZainZain and will inject ample cash liquidity into it, the paper reports citing people familiar with the matter. ZainZain is waiting for reply from the French company this week and if the deal isn't settled 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.
Newspaper Web site: ????? ????? :: ?????? ????????
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
BEIRUT (Zawya Dow Jones)--Kuwait-based Mobile Telecommunications Co., or Zain GroupMobile 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 ZainZain and will inject ample cash liquidity into it, the paper reports citing people familiar with the matter. ZainZain is waiting for reply from the French company this week and if the deal isn't settled 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.
Newspaper Web site: ????? ????? :: ?????? ????????
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
