14 March 2011
"This is welcome news that the majority of the Zain board has approved Batelco's offer to acquire a 25 per cent stake in Zain's Saudi operations. The news has favourable consequences for Etisalat's roposed acquisition and also sees Batelco making greater strides into the Middle East region.
For Zain, it provides the opportunity to further bed down its operations and perhaps leverage synergies with its new partners. Batelco and Etisalat both bring a wealth of service and product knowledge that Zain could utilise - particularly in the provision of enterprise communications services."
-Ends-
"This is welcome news that the majority of the Zain board has approved Batelco's offer to acquire a 25 per cent stake in Zain's Saudi operations. The news has favourable consequences for Etisalat's roposed acquisition and also sees Batelco making greater strides into the Middle East region.
For Zain, it provides the opportunity to further bed down its operations and perhaps leverage synergies with its new partners. Batelco and Etisalat both bring a wealth of service and product knowledge that Zain could utilise - particularly in the provision of enterprise communications services."
-Ends-
Perspective by:
Lindsey McDonald,
Consultant,
Information & Communication Technologies Practice,
MENA,
Frost & Sullivan
© Press Release 2011
