Airtel-Zain

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Bharti Airtel Readies For African Immigration Through Zain, Now Ranks 5th

Bharti Airtel, India’s largest telecom firm completed acquisition of Kuwait based Zain Telecom’s African business for $10.7 billion (about Rs 48,000 crore). This buyout not only makes Bharti to put footprint in Africa, but also positioned it as world’s fifth largest wireless company with operations across 18 countries and a subscriber base of around 180 million. Of the $10.7 billion enterprise value of Zain, Bharti will be paying $8.3 billion… Read More

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Airtel Bidding US$10.7 Billion to Buy Africa’s Zain Mobile

India’s largest mobile service operator Bharti Airtel and Zain have agreed to enter into exclusive discussions until 25 March 2010 for the acquisition of Zain’s African unit (Zain Africa BV) based on an enterprise value of USD 10.7 billion. This potential transaction does not include Zain’s operations in Morocco and Sudan and remains subject to due diligence, customary regulatory approvals and signing of final transaction documentation. If the deal is… Read More

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