Emirates Telecommunications Says It Did Not Make Bid to Buy Stake in Zain

Emirates Telecommunications Corp., the United Arab Emirates’ phone company known as Etisalat, did not present any proposal or make a bid to acquire a stake in Zain, the biggest phone company in Kuwait. Etisalat made the announcement in a statement to the Abu Dhabi bourse today.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

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