Etisalata comments on Zain deal

Published December 19th, 2010 - 10:31 GMT
Al Bawaba
Al Bawaba

"Etisalat" comments the rumors and speculation in the media regarding the acceptance of Etisalat to buy 40% of Zain's shares.

The 46% conditional deal is still on - as agreed upon in the initial proposal.

Etisalat Spokesperson said "Etisalat "applies transparency and best practice when it comes to disclosure of news to the financial markets, investors and analysts.

Etisalat will inform its stakeholders with the results directly whenever there is something to be disclosed.