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عكس السير
Syria and MTN Reach Deal
Syria and MTN Group signed an agreement in Damascus on Saturday, November 14, 2026, to settle the group’s affairs and arrange its exit from the telecommunications market, following a settlement announced at $43.9 million. The agreement is part of the conditions for finalizing the entry of Kuwait’s Zain Group, which won an operating license worth $747 million, and establishing a company in which Zain will hold a 75% stake and the Syrian side 25%. The settlement’s signing does not mean that Zain will begin operations immediately. Procedures to establish the company, transfer assets and systems, and meet licensing requirements are still underway, and no final date has been announced for the start of operations or payment of the remaining installments.
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