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Potential buyer seeks price cut in Zain stake
- Kuwait: Tuesday, October 27 - 2009 at 14:08
India's state-run telecom firm, Bharat Sanchar Nigam Ltd (BSNL) has said it will not pay more than $10bn for the 46% stake it is eyeing in Kuwait's Zain Telecom, well below the $13.7bn tag that the Kharafi family has attached to it, India's Business Standard has reported. The Kharafi family, which is selling its holding in Zain, is asking for 2 Kuwati Dinars per share. BSNL executives say this is too high and they will soon convey this to the Vavasi Group.
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