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Omantel makes another offer for Zain shares
2017-10-09 02:00:00| Total Telecom industry news
Omantel has made an offer for a 12% stake in Zain, less than two months after it bought close to 10% of the Kuwait-based telco…read more on TotalTele.com »
Omantel completes $846m Zain buy
2017-08-24 02:00:00| Total Telecom industry news
Omantel has completed the formal process that will allow it to take a stake in Zain, as announced earlier this month. The Omani incumbent will pay 0.6 Kuwaiti dinars per share for a 9.84% stake in Zain, translating to a purchase price of KWD255…read more on TotalTele.com »
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Omantel buys 10% stake in Zain for USD 846 million
2017-08-10 12:30:00| Telecompaper Headlines
(Telecompaper) Omantel has agreed to buy a 9.84 percent stake in the Middle East mobile operator Zain for USD 846.1 million. Omantel will buy 425.7 million treasury shares from Zain for KWD 0.60 per share, a significant premium to the KWD 0.45 closing price the day before the announcement.
Omantel pays $846m for 10% of Zain
2017-08-10 02:00:00| Total Telecom industry news
Omantel on Thursday paid $846.1 million (€721.96 million) for a 9.84% stake in Kuwait-based Zain. The Omani incumbent said the transaction, which is subject to regulatory approval, is part of its diversification strategy…read more on TotalTele.com »
Zain Group H1 results hit by Sudanese pound devaluation
2017-08-07 09:17:00| Telecompaper Headlines
(Telecompaper) Zain Group said revenues decreased by 8 percent to KWD 508 million for the first six months to 30 June. EBITDA for the period reached KWD 212 million, down 17 percent year-on-year, giving an EBITDA margin of 41.7 percent. Net income remained stable at KWD 82 million, and earnings per share for the half-year stood at KWD 0.21. The Middle East mobile operator ended the period with 45.2 million customers.
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