Monday, March 16, 2009

Zain - share of 3rd operator in Morocco

Zain acquires 31% stake in Moroccan telco firm Wana

Zain has announced that it has acquired a 31% stake in Moroccan telecom firm Wana for $324m. A unit of Morocco's biggest conglomerate ONA, Wana is an integrated telecom operator currently offering fixed and restricted mobility wireless services, full CDMA mobility services (Wana) and Internet and data services throughout Morocco.

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