Zain not interested in Sudanese telco Canartel

4 Dec 2013

Kuwaiti telecoms giant Zain Group has denied reports suggesting that it is still interested in acquiring Sudanese telecom provider Canar Telecom (Canartel), a subsidiary of United Arab Emirates (UAE)-based Etisalat. According to Arabian Business, the company has now issued a statement reading: ‘Zain has no intention to enter into negotiations with Etisalat’s telecom arm in Sudan.’

As previously reported by TeleGeography’s CommsUpdate, earlier this month, reports emerged suggesting that Etisalat was planning to revive talks to offload Canartel to Zain, despite a breakdown in negotiations earlier this year. According to unnamed sources, talks collapsed around the start of 2013, with Etisalat thought to have backed out because it believed other parties might consider buying Canartel and so hoped to get a better price for its subsidiary.

Etisalat was hit with impairment charges of AED459 million (USD124.97 million) related to its Sudanese operation in FY2012, due to inflation and the tough political and economic conditions in the country, and is now thought to be eager to sell what it considers to be a ‘peripheral investment’.


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

Subscribe to CommsUpdate


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.