Thursday, February 12, 2009

Paltel Agrees to Zain Partnership

Palestinian operator Paltel has agreed in principle to a partnership with Middle East mobile group Zain.

The Paltel management has called a special meeting of shareholders to approve a capital increase and share issue to Zain. 

Paltel's chairman is now working on finalising an agreement with Zain. Paltel's shares have been suspended trading until the deal is finalised.

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