www.WirelessFederation.com/news: According to Zain, they are not aware of talks between shareholders and an Asian group. After the news on stake sale negotiations was reported by the media.

“Zain would like to clarify that regarding what has been published in a local newspaper about negotiations between a major Asian group and shareholders, the executive management of the company is not aware of this subject, which is up to shareholders,” the firm said.

The  biggest shareholders in Zain were in discussions with an Asian telecoms firm to sell a more than 40% stake in the firm, media reports.