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Zain to buy Sudan's Canar for AED 350 mln
2016-05-02 14:20:00| Telecompaper Headlines
(Telecompaper) Zain Group has agreed to buy a 92.3 percent stake in Sudanese fixed-line operator Canar for AED 349.6 million cash from UAE-based Etisalat, implying a price per share of AED 17.50. The deal is still subject to approval from the Sudanese regulatory authorities. The deal would strengthen Zain's share in the Sudan market where it is already the biggest mobile operator by subscribers.
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Category:Telecommunications