| 13.08.2009 - Zain strategy reversal in focus as M&A talk swirls |
| From Guardian: Kuwaiti telecom group Zain's key shareholders -- sovereign wealth fund Kuwait Investment Authority and Kuwaiti family-owned conglomerate Kharafi group -- could be tempted as they look to boost returns during the tough economic times. Kuwaiti telecom group Zain's possible sale of a stake in its African unit will please cash-hungry shareholders and reverses a strategy of global growth in favour of focusing on Middle Eastern markets............Full Article: Source |