www.WirelessFederation.com/news: Resurrection of the aborted merger of the Jordanian assets with Palestine’s Paltel has been seeked by Kuwait’s Zain on the same terms as before.

According to the terms and conditions of the agreement announced by the company in May last year, the ownership of the Jordan subsidiary to Paltel was to be transferred by Zain in exchange for taking an equity shareholding of 56.53% in the enlarged company. However, the company has to call off the talk last November as it did not receive the required government approvals that were condition precedent to concluding the deal.

Significant” synergies and efficiencies in CAPEX and OPEX spend and purchasing power has also been seeked by Zain.