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Zain to buy 92pc of Sudan's Canar for $95m

DUBAI, May 2, 2016

Kuwaiti telecom firm Zain has agreed to buy a 92.3 percent stake in Sudanese fixed line operator Canar for Dh349.6 million ($95.2 million) from Abu Dhabi-listed Etisalat.

The deal is subject to approval from the Sudanese authorities, Etisalat added in a bourse statement on Monday.

Zain is Sudan's No.1 mobile operator by subscribers. - Reuters




Tags: Etisalat | sudan | Zain | Canar |

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