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General

Omantel completes 12% stake buy in Zain Group

Monday 13 November 2017 | 09:49 CET | News
Omantel has completed the acquisition of a 12.1 percent stake in Zain Group for USD 1.35 billion, making Omantel the second largest shareholder in Zain Group with a 21.9 percent stake. The acquisition creates a  group that will be the third largest combined telecoms group in the MENA region, with 52 million customers. 

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Categories: General
Companies: Omantel / Zain Group
Countries: Middle East
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