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Vivendi halts talks to buy Zain's African assets
- Middle East: Tuesday, July 21 - 2009 at 10:46
Vivendi, owner of phone companies SFR and Maroc Telecom, has interrupted talks with Zain about the possibility of acquiring a majority stake in the Kuwaiti company's African telecommunications assets, Bloomberg has reported. On July 9, Vivendi said it was in talks with Zain as it sought growth in emerging markets. Zain said yesterday that UBS AG is advising it on the possible sale of the African unit.
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