Batelco considers revised bid for Zain Saudi

Bahrain’s operator Batelco may consider a revised offer to buy a 25 percent stake in Zain Saudi Arabia, CEO Peter Kaliaropoulos said. Batelco is discussing potential scenarios with investment partners and is monitoring the situation, Kaliaropoulos told Bloomberg News. Batelco said earlier its bid for Zain Saudi expired, although it was a “very fair and reasonable offer” and included a “significant amount of new cash”. Last month, Zain said it knocked back three official offers for its 25 percent share in its Saudi operations.