Deals
Etisalat Ends Talks to Buy Zain Stake Citing Mideast Unrest
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Emirates Telecommunications Corp., the Middle East’s biggest phone company by market value, ended talks to buy a majority stake in Zain, Kuwait’s largest, citing political unrest and disagreement among shareholders.
“The current political unrest in the region” and “non-unanimous agreement among Zain shareholders” mean the offer is “no longer viable,” the Abu Dhabi-based company known as Etisalat said in an e-mailed statement today.