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New Deal


Announced

Etisalat to acquire an additional 22% stake in Mobily for $2.1bn.

Financials

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Transaction Value£1,625m
Consideration TypeCash
Capital Owned28%
Capital Bid For22%
EV/Sales-
EV/EBITDA-
Share Price Premium22.2%
One Off Charge-

Tags

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Saudi Arabia

Public

Acquisition

Single Bidder

Mobile

Tender Offer

Majority

Cross Border

Pending

telecommunications services

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Synopsis

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Etisalat, an Emirati-based multinational telecommunications services provider, offered to acquire an additional 22% stake in Mobily, a Saudi Arabian telecommunications services company, for $2.1bn. The Board of Directors considers it appropriate to proceed with discussing the terms and details of the potential offer with Etisalat Group.

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