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Etisalat bids to buy 46 pct in Kuwait’s Zain-TV
Zain shares rose 7.9 percent after the report.
September 29, 2010 11:30 by Reuters
Emirates Telcommunication Corp (Etisalat) has offered to buy 46 percent of Kuwait’s Zain , Arabic language channel CNBC Arabiya said on Wednesday.
No further details were given
Executives at both Etisalat and Zain were not immediately available for comment.
Zain shares rose 7.9 percent to a four-month high of 1.36 dinars after the report.