Zain and Paltel link-up may be approved by March

12 Feb 2009

According to mubasher.info, Paltel Chairman Subaih Al Masry has stated that a strategic partnership with Kuwait’s Zain Group may be concluded by 5 March. The Palestinian operator’s board is said to have called for ordinary and extraordinary general meetings for the first week in March in order to approve the tie-up. Details over the deal, such as whether Zain will acquire a majority stake in the company, have not yet been revealed.

Palestinian Territory, Palestine Telecommunications Company (Paltel, incl. Hadara), Zain Group