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Wireless

Omantel buys 10% stake in Zain for USD 846 million

Thursday 10 August 2017 | 12:30 CET | News
Omantel has agreed to buy a 9.84 percent stake in the Middle East mobile operator Zain for USD 846.1 million. Omantel will buy 425.7 million treasury shares from Zain for KWD 0.60 per share, a significant premium to the KWD 0.45 closing price the day before the announcement. 

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Categories: Mobile & Wireless
Companies: Omantel / Ooredoo / Zain
Countries: Middle East / Oman
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