Indebted telecom operator Zain Saudi has received government approval to defer payment of license-related fees that could total around $ 1.49 billion over seven years, sending its shares yesterday to an eight-month high.
The rescheduled payment will be treated as a commercial loan, with the first payment due in 2021, the company said.
Shares in Zain Saudi rose 9.7 percent to SR 9.65, their highest close since October 2012.
The firm, which had a 15 percent...
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Covidien Announces Publication of Final Results of Pipeline™ Embolization Device Pivotal Study
June 18, 2013
Covidien (NYSE:COV), a leading global provider of healthcare products, today announced that the final results of the PUFs (Pipeline for Uncoilable or Failed Aneurysms) clinical study of its ......
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Thuraya Strengthens Its Partnership With Astrium Services With the Launch of IP+, SatSleeve and Maritime Broadband in Asia
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Thuraya Telecommunications Company, a leading Mobile Satellite Services operator today announced a strengthened alliance with its global service partner, Astrium Services, the leading service provider for satellite-based services.
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