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Zain plans $4bn acquisitions
- Kuwait: Thursday, November 06 - 2008 at 14:33
Kuwait's Mobile Telecommunications Co (Zain) plans to make four to five acquisitions worth up to $4bn before 2010 as the global credit crisis lowers asset prices for telecom firms, its chief executive told Reuters. Saad al-Barrak said Zain would seek to expand in Africa and the Middle East by buying majority stakes in companies or acquiring licences.
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Jeff Florian, Senior ReporterThursday, November 06 - 2008 at 14:33 UAE local time (GMT+4)
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