Saturday, 16 December 2017 06:33 GMT

Zain sued for $4.5billion over Iraqna buy

(MENAFN - Khaleej Times) Zain is being sued for $4.

zain bought iraqna for $1.2 billion from orascom telecom. the kuwaiti firm then merged its iraqi unit atheer with iraqna and renamed the entity zain iraq which today is the country’s biggest operator by subscribers.

zain said that a company it declined to identify filed a lawsuit last august. this claims zain’s takeover had stopped the firm buying iraqna causing it losses of $4.5 billion.

Zain sued for $4.5billion over Iraqna buy

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