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'SAMENA Daily' - News

Non-binding offer given for shares in Pakistan's WorldCall Telecom Ltd

Oman Telecommunications (Omantel) said on Tuesday it had received another non-binding offer for its shares in Pakistan's WorldCall Telecom Ltd.

It gave no details of the identity of the potential acquirer but said in a filing to Oman's bourse that the offer was subject to further studies.

Last month, Omantel said it had ended discussions with a Pakistan investor about purchasing its 56.8 percent stake in the diversified telecommunications operator after a period of due diligence did not yield a favourable deal.



Source: https://www.zawya.com/mena/en/business/technology/story/Omantel_gets_nonbinding_offer_for_Pakistani_telecom_stake-TR20160906nD5N1A5024X3/

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