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
