Etisalat sees Zain due diligence by end-Feb

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Etisalat, which is bidding to buy a 46-per cent stake in Kuwaiti telco Zain, expects to present the results of its due diligence to its board by the end of February, the UAE telecoms firm said in a statement on Saturday.

Etisalat also said talks with 18 regional and international banks on financing continued and it was "highly confident" it will secure the necessary financing. 

 

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