Kuwait-Mubasher: Kuwait Telecommunication (Viva) said in a bourse statement that it will hold a board meeting on Sunday to consider a voluntary acquisition offer proposed by Saudi Telecom (STC).
According to the Capital Markets Authority’s (CMA) law, Viva’s board should study the offer and provide its view and recommendation which will be supported by the opinion of an independent financial consultant.
Viva’s board consists of seven members of which four represent STC.
