OMANTEL AGREES TO ACQUISITION OF MINORITY STAKE IN ZAIN
Oman Telecommunications Company (‘Omantel’ or the ‘Company’), the first and leading integrated telecommunications services provider in Oman announces a share purchase agreement (‘SPA’) whereby Omantel will purchase 425.7 million of Mobile Telecommunication Company’s (Zain) treasury shares in a cash transaction at an offer price of KWD 0.60 per share – subject to regulatory approval.
