Axiom Telecom, a Dubai-based mobile-phone distributor, cancelled its initial public offering and listing on the Nasdaq Dubai because of liquidity and market concerns.
"While there were...
Middle East News
Kuwati mobile operator Zain is reported to have mandated Citigroup, BNP Paribas, Credit Agricole, Standard Chartered, WestLB and National Bank of Kuwait to refinance US$1.5bn of debt ahead of its...
France Telecom and another operator are reported to be in the final round of bidding for a minority stake in Kurdish mobile operator Korek Telecom which is valued at around US$1.5bn. Korek is in...
Dubai-based mobile phone retailer Axiom set a price range of its initial public offering at US$0.80 to US$1.15 for the sale of up to 35% of its shares implying a market cap of between US$760m and...
Al Fawares Holdings, which is reported to own around 5% of Zain, is to sue the Kuwaiti-based operator for beginning formal acquisition talks with Etisalat without fully consulting all of its...
Etisalat has announced a US$8bn bond programme to allow it to issue conventional or Islamic bonds in the global debt markets when needed, as it prepares to pay up to US$12bn for Zain.
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