Zain Kuwait in final stages to sell its towers as it awaits approval from the telecom regulator
Zain Group [ZAIN.KW] is in the final stages to sell its mobile towers for its Kuwaiti subsidiary, according to the company’s Vice Chairman, Bader Nasser Al Kharafi, during a shareholders’ meeting. The company is waiting for the approval of the Telecommunications Regulatory Authority (TRA).
Zain Group: KWD0.48 as of 12 Mar. 2017, Rating: Buy, TP: KWD0.49/share, MCap: USD6,623mn, ZAIN KK/ZAIN.KW
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