Zain denies receiving offers for African assets

9 Feb 2010

Kuwait’s Zain group has denied that it has received any offers for its African operations following reports that it was in talks with three companies over the networks. Kuwait’s Al Anbaa paper reported, citing sources familiar with the matter, that France’s Vivendi, France Telecom and the UK’s Vodafone Group were engaged in negotiations with Zain over the purchase of Zain Africa (previously Celtel), which has operations in 16 countries across the continent. Zain did not deny that it was holding talks, but released a statement saying: ‘There are no current offers and the company will inform the [Kuwaiti] bourse’s administration with any new information that may arise regarding this issue.’ The sale of Zain’s African operations was first discussed in mid-2009, with the Kuwaiti firm rejecting a USD10.5 billion bid from Vivendi for a 65% stake in Zain Africa. At that time Zain said that it did not need to sell the operations and would need an offer to reflect that to convince it to sell.

Kuwait,Orange Group, Vivendi, Vodafone Group, Zain Group, Zain Kuwait,



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.