Paltel sets 9 February date for decision on Zain offer

February 5, 2009 at 17:25 Leave a comment

According to online portal MEED, Palestine Telecommunications Company (Paltel) will make a decision regarding the sale of minority stake to Kuwait-based telecoms group Zain on 9 February. Paltel, which holds a monopoly in the fixed line sector in the West Bank and Gaza, will assess the offer at a meeting of its board of directors. The announcement comes after reports at the end of January 2008 that talks between Paltel and Zain regarding a stake sale were at ‘advanced’ stages.

Wireless Industry News

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Entry filed under: Financial, Palestinian Territory, Paltel, Zain. Tags: , , , .

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