Turkcell and others interested in Zain

10 May 2010

Turkcell is considering buying a stake in Kuwaiti telecoms group Zain, according to the Turkish company’s chief executive Sureyya Ciliv. ‘Zain is one of the companies our international development group is looking at, but at the moment there is no important development,’ he was quoted as saying. Meanwhile, a daily newspaper in Kuwait, al-Rai, reported that at least four firms have offered to buy a majority stake in Zain. ‘The major shareholders in Zain group have received verbal offers from four parties for the possibility to enter negotiations to buy a majority stake in the company,’ the newspaper said. An unnamed source added that a deal would not be considered by the Zain board until the MTN/Bharti acquisition has completed.

Kuwait, Turkcell, Zain Group,


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate



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.