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

By February 15th, 2010 AT 12:06 PM

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 successful, Bharti Airtel will become an telecom operator in 15 countries in Africa named Burkina Faso, Chad, Democratic Republic of the Congo, Republic, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

According to the Airtel statement :There can be no assurance that a transaction will be consummated. Further announcements will be made in due course”

13
Leave a Reply

avatar
Photo and Image Files
 
 
 
13 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
10 Comment authors
abdul hameedAgnivoManoj Kumarrajievanandh Recent comment authors
newest oldest most voted
abdul hameed
abdul hameed

Airtel is professional but If the marketing stats they taking…. that distributor getting lot off headache….. they want sell GPRS card no they thing that subscribers hve an lot off time to play in internet through gprs……………if they sell gprs they thing that they will get good revenue in my view the Airtel will stand at 15 to 20% market share in next 4year…Bcz Airtel had lost already 4 to 5 percent of market share….. frm the new competitor’s the Estisalat will make more aggressive competition for International call charges in think this also slashes more revenue and market share… Read more »

abdul hameed
abdul hameed

Good Airtel but, can u get Zain bcz the telecom sector is downgraded and the revenues of all the big telecom operater falling like an ice who never no may b they get bankrupt…. Bcz they are unable to fully give an 2G services for the subscribers. They want and they want 3g network…………………

Recent Posts

Bharti Airtel Gains an Upper Hand on Reliance Jio by Adding More Broadband Subscribers in a Month

For the first time since the commencement of operations of Reliance Jio Infocomm Ltd, Bharti Airtel has added more subscribers...

Tata Sky and Airtel Digital TV Start Offering Free Sports Channels for All Users

After rainy days for the DTH providers post the introduction of the new Trai tariff regime, it seems as if...

Microsoft Starts Notifying Windows 7 Users About the Expiry

Microsoft is rolling out a notification update to existing Windows 7 users, informing them that the software giant is pulling...