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BRIEF-Omantel signs non-binding LoI with Al Khair to purchase its stake in Zain
October 9, 2017 / 5:42 AM / 2 months ago

BRIEF-Omantel signs non-binding LoI with Al Khair to purchase its stake in Zain

Oct 9 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY

* SIGNS NON-BINDING LETTER OF INTENT WITH AL KHAIR TO PURCHASE ITS SHARES AND SHARES OF ITS UNITS IN SHARE CAPITAL OF ZAIN

* PURCHASE OF ALL OF SHARES AND SHARES OF AL KHAIR‘S UNITS IN SHARE CAPITAL OF ZAIN AMOUNTS TO 12 PERCENT OF TOTAL SHARE CAPITAL

* AL KHAIR IS CURRENTLY STUDYING AND EVALUATING OFFER FROM OMANTEL AND ITS LEGAL AND FINANCIAL ADVISORS Source: (bit.ly/2g1OSVq) Further company coverage:

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