Zain to buy 92pc of Sudan's Canar for $95m
DUBAI, May 2, 2016
Kuwaiti telecom firm Zain has agreed to buy a 92.3 percent stake in Sudanese fixed line operator Canar for Dh349.6 million ($95.2 million) from Abu Dhabi-listed Etisalat.
The deal is subject to approval from the Sudanese authorities, Etisalat added in a bourse statement on Monday.
Zain is Sudan's No.1 mobile operator by subscribers. - Reuters
