www.WirelessFederation.com/news: No offers have been received by Kuwait’s Mobile Telecommunications Co., better known as Zain for its Africa assets. Earlier it was reported that France’s Vivendi, France Telecom and the U.K.’s Vodafone Group are holding talks with Zain to buy the company’s Africa operations.
Zain, which has been in discussions with the international companies for about two months, could sell its Africa assets for $11-$12 billion and the resignation of chief executive officer Saad Al Barrak intensified the talks.
