Wataniya stake up for sale

26 Feb 2007

A group of shareholders of Kuwait’s second largest telco Wataniya is considering offering part of the company for sale. The group, led by investment firm Kuwait Projects (KIPCO), has a combined 51% stake and says it has received several expressions of interest from prospective purchasers. Wataniya had more than eight million subscribers across its operations in Kuwait, Tunisia, Algeria, Saudi Arabia and the Maldives at the end of September.

Kuwait, Ooredoo Kuwait