Kuwait's Mobile Telecommunications Co. or Zain (ZAIN.KW) plans to restart talks with Palestinian government officials to revive a scrapped share-swap deal with Palestine Telecommunications Co. or Paltel (PALTEL.PL), Kuwait's Al Qabas newspaper reports Sunday, citing unidentified sources.

Zain plans to conduct negotiations with the officials based on the same terms of the original agreement, without any changes to the value or shape of the deal, the paper reports.

Zain, the third-largest Arab telecom operator by market value, said in November last year the deal fell through due to failure to receive "the necessary government approvals."

Paltel's board said the deal was no longer in force because time to conclude the deal had passed without securing the necessary requirements.

Zain and Paltel agreed in May 2009 to a share-for-share exchange, which will allow Zain to hold 56.53% in Paltel in exchange for Paltel owning 100% of Zain Jordan.

 source£ºzawya