etisalat elucidates its stand to acquire shares in Zain

Abu Dhabi, Mar 3, 2011 (WAM) - etisalat spokesperson Ahmed bin Ali has reiterated that Etisalat`s stand towards Zain acquisition is not changed, and etisalat is still interested on the Zain`s deal. Bin Ali added that pertinent and suitable information related to the due diligence have been collected and "etisalat" is in the process to study and analyse the collected information. Consequently the results will be discussed with the sellers in a later stage, and the final results will be presented to etisalat`s Board of Directors to make a decision in this regard. etisalat will inform its stakeholders with the progress of the Proposed Transaction in due course. - Emirates News Agency, WAM