Zain looks to sell Africa ops to Vivendi: paper

Fri Jun 12, 2009 12:23pm GMT
 

ABUJA (Reuters) - Kuwait's Mobile Telecommunications Co. (ZAIN) is looking to sell its African operations to Europe's largest entertainment group Vivendi, according to a Nigerian newspaper on Friday.

Without citing any sources, The Business Day newspaper reported that Kuwait's biggest mobile operator was waiting for a reply from Vivendi on the sale of Zain Nigeria this week.

If the deal isn't settled, Zain will study bids made by other companies, the newspaper said.

Officials from both companies declined to comment to Reuters on the story.

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