Kuwaiti telecom operator Zain has rejected the French media conglomerate Vivendi’s $10.5 billion offer to buy 65 per cent stake in its African mobile operations spanning 16 countries, including Nigeria and Kenya.

Kuwaiti telecom operator Zain has rejected the French media conglomerate Vivendi’s $10.5 billion offer to buy 65 per cent stake in its African mobile operations spanning 16 countries, including Nigeria and Kenya. Zain has reportedly vetoed the offer over a disagreement regarding payment and is now considering rival bids from Chinese and Indian firms.