Flip through the latest issue of Gulf Weekly.
Batelco Group's offer to acquire Zain Group's 25 per cent stake in Zain KSA has expired. CEO Peter Kaliaropoulos said: "We believe the Batelco Consortium presented a very fair and reasonable offer to Zain Group.
"Our offer also involved a significant amount of new cash to be injected into Zain KSA as working capital to accelerate its growth in a highly competitive market. Ensuring that both Zain Group and Zain KSA appropriately benefit was at the core of our offer. Negotiations were amicable but we did not reach a suitable deal."
