Abu Dhabi, UAE, Thursday, September 30th 2010 [ME NewsWire]:
Regarding the overseas investments of Etisalat, and the media circulations about Etisalat investment in the Mobile Telecommunications Company (Zain) and in line with the Corporation’s commitment to transparency with its shareholders as well as its commitment to disclosure of its decisions as per Abu Dhabi Securities Market regulations, Ahmed bin Ali, Group Senior Vice President, Corporate Communication said “ Emirates Telecommunications Corporation - “Etisalat” has submitted a preliminary conditional offer to buy a 46% stake of Mobile Telecommunications Company (Zain) for an amount of 1.70 Kuwaiti Dinars per share. We would like to emphasize that no final agreement has been reached at this point in time as this offer depends on the fulfillment of specific requirements and conditions that must be met to finalize the deal”
For media enquiries, please contact:
Iyad Alzou’bi,
Senior Manager, International Media Relations – Etisalat
Tel 0097126182622 ,
Mobile 00971506123568 ,
Email: ialzoubi@eitsalat.ae
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