Zain Deal Highlights Palestine's Potential

Zain has finalised a deal to become the majority shareholder in Paltel, the incumbent telecoms operator in Gaza and the West Bank. The deal is in the form of a share swap that will give Zain a 56.5% stake in Paltel, which will in turn take 100% equity of Zain's wholly owned Jordanian subsidiary Zain Jordan. The current shareholders of Paltel will then hold a 44.5% stake in the entity created by the merging of the two companies. Because of the share swap, no money has actually changed hands.

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