Kuwait's Zain says not interested in Sudanese telco Canar

Kuwaiti operator denies report linking it to buying Canar from UAE's Etisalat
Kuwait's Zain says not interested in Sudanese telco Canar
GCC telecoms
By Reuters
Tue 03 Dec 2013 07:21 PM

Kuwaiti telecoms company Zain said on Tuesday it would not enter negotiations to buy Sudanese fixed-line operator Canar.

Zain's statement follows a Reuters report on Monday in which a source close to the matter said United Arab Emirates' Etisalat could resurrect talks to sell its Sudanese subsidiary Canar to Zain.

Etisalat broke off talks earlier this year, but both it and Zain were still keen on a deal, the source had said.

On Tuesday, Zain said in an emailed statement: "Zain has no intention to enter into negotiations withEtisalat's telecom arm in Sudan."

Zain Sudan is the African country's No.1 mobile company, while Canar - 89 percent owned by Etisalat - is the top fixed-line operator.

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