MTN are rumoured to be one of the bidders for a stake in Zain Saudi

b>MTN are rumoured to be one of the bidders for a stake in Zain Saudi, which the Kuwaiti parent, Zain is looking to sell. It is more than a little cloudy at this time, I must be honest. Reuters reports: "Kuwaiti telecoms carrier Zain has appointed UBS to sell its Zain Saudi unit, sources said on Thursday. Zain selling its Saudi unit is a regulatory condition for Abu Dhabi group Etisalat's $12 billion bid for a controlling stake in Zain. Etisalat and Zain both have units in Saudi Arabia and compete for market share there. Bahrain Telecommunications, or Batelco, and South African group MTN were in talks to buy Zain's Saudi unit, the people said. It was unclear whether other parties were also involved."



With your hands, gesture Zain, Etisalat, MTN and twist them around, opposite each other. Zain Saudi. Well, let us check out Zain Saudi as a whole, last results 20 October, third quarter numbers. Making a loss, seemingly getting a bit better. How does this sound to you?

Not good, but improving. Very slowly. The company is undertaking a right issue in order to keep the wolves from the door, large shareholders have also advanced the company some serious money. Including the Kingdom of Saudi Arabia's Mobile Telecommunications company. So read into that, the royal family. I can imagine that the Saudi Royal Family are not that thrilled with the Kuwaiti's. In the form of Zain. But there are also conditions, as you can see in the form of Etisalat wanting to buy the parent company. Complicated, time will tell us something.