Zain likely to sell Celtel Africa to a French firm, a deal worth $12 Bn

www.WirelessFederation.com/news: Zain, the Kuwaiti telco, is likely to close the $12 billion deal wherein it plans to sell its African unit Celtel reportedly to a French firm. Zain awaits a word from the potential buyer and is also studying other options if the deal doesn’t work out.
It is also anticipated that the French firm will also buy Celtel Africa’s debts, calling for discounts in price.