2007-11-27 - AME Info | Saudi Arabia | Latest News - Saudi Telecom was the highest bidder for a stake in Kuwait's third mobile phone company offering 120m Kuwaiti dinars, reported Reuters. The company offered 923 fils per share for 130 million shares, equivalent to 26 per cent of the telecom company that the Kuwaiti government is setting up. Although the state-owned Kuwait Investment Authority (KIA), which is arranging the sale of the stake, could not confirm the report.  

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