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France Tel CEO says not eyeing Zain's assets for now

Sun Jul 5, 2009 7:33am EDT

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AIX-EN-PROVENCE, France, July 5 (Reuters) - France Telecom (FTE.PA) is not for now mulling a takeover bid for assets that Kuwaiti telecom company Zain (ZAIN.KW) could sell, the head of the French group said on Sunday. "This is not on the agenda for now," Chief Executive Didier Lombard told reporters in response to a question by Reuters on whether France Telecom was considering bidding for some of Zain's businesses should the Kuwaiti group put them up for sale.

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The media has reported in recent weeks that Zain was looking to sell its African operations after receiving several offers, including one from Vivendi (VIV.N). [ID:nLU96887]

Vivendi Chief Executive Jean-Bernard Levy declined to make any comment on the issue on Saturday. (Reporting by Marie Maitre)

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