(MENAFN) Kuwaiti telecom firm Zain confirmed to buy Abu Dhabi- Etisalat's 92.3 percent share in Sudanese line operator Canar for USD 95.2mn.
Additionally, the deal will increase Zain's grip on Sudan's telecom sector, which is already the top mobile operator by subscribers.
Moreover, Sudan accounted for 19 percent of Zain's revenue and 26 percent of its subscribers in 2015.
Zain Sudan, which launched 4G services last month, posted a 77 percent grow in 2015 profit to USD 0.17bn.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.