Various reports suggest that a Turkish company is pondering buying a stake in Zain (the mother company) from Khorafi (major shareholders). It is unusual that this should arise while Zain and Bharti haven’t yet closed their deal yet. If rumors are true, then I believe that the Turkish company will most likely be Turk Telekomunikasyon (TTKOM) as locals are talking about an arab connection (TTKOM is 55% owned by Oger). It is worth mentioning that prior to the Zain Africa sale, Zain was going to sell a 46% stake in the mother company. Lets wait and see.

 

Tags: TTKOM, Turkish Company, Zain, Zain Africa, Zain sale, Zain Sale to Turkish Company

This entry was posted on Thursday, April 22nd, 2010 at 5:30 pm and is filed under Kuwait, World. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.