Bloomberg News

Batelco Says Not to Proceed With Saudi Zain Deal

September 29, 2011

Sept. 29 (Bloomberg) -- Bahrain Telecom Co. said it will not proceed with an offer to acquire a 25 percent stake in Mobile Telecommunications Co. of Saudi Arabia, according to a company statetement e-mailed today.

To contact the reporter on this story: Shaji Mathew in Dubai at

To contact the editor responsible for this story: Maher Chmaytelli at

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