DUBAI, May 2 (Reuters) - Kuwaiti telecom firm Zain ZAIN.KW has agreed to buy a 92.3 percent stake in Sudanese fixed line operator Canar for 349.6 million dirhams ($95.2 million) from Abu Dhabi-listed Etisalat ETEL.AD .

The deal is subject to approval from the Sudanese authorities, Etisalat added in a bourse statement on Monday.

Zain is Sudan's No.1 mobile operator by subscribers.

($1 = 3.6727 UAE dirhams)

(Reporting by Matt Smith; Editing by Tom Arnold) ((matt.smith1@thomsonreuters.com; 00971506354039; Reuters Messaging: matt.smith1.thomsonreuters.com@reuters.net))

Keywords: ETISALAT GROUP SUDAN/M&A