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Mobily, Atheeb end stake sale talks

May 31, 2014 1:17 am

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.