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Mobily, Atheeb end stake sale talks

: Saturday, May 31 - 2014 @ 01:17

Saudi Arabia’s Etihad Etisalat (Mobily) has said it has ended talks over buying a stake in fixed line operator Etihad Atheeb Telecoms, Reuters has reported. Last month Mobily said it wanted to acquire a 20% stake in Atheeb through a rights share issue, but Mobily said it has now ended talks with four of Atheeb’s founding shareholders.

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Saturday, May 31- 2014 @ 1:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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