0
Wireless

Zain board accepts Bharti offer for African assets

Thursday 25 March 2010 | 09:38 CET | News
Middle East and African mobile operator Zain Group has confirmed that its board of directors has approved the offer from Indian operator Bharti Airtel to acquire its African assets, other than those in Morocco and Sudan. The Zain board said that due diligence had been completed and that the parties were finalising definitive agreements which are expected to be signed in the coming days. Bharti will pay USD 9 billion to acquire Zain's assets spread across 15 African countries. It will also adopt USD1.7 billion of Zain's debt. Bharti Airtel has operations in India and Sri Lanka and had over 118

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Bharti Airtel / Zain
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.







Calendar   /   Industry Events

22 Jan European 5G Conference
23 Jan TE Connectivity fiscal Q1
23 Jan Adtran Q4 2018
23 Jan Comcast Q4 2018
23 Jan TMT Finance Asia
24 Jan Crown Castle Q4 2018
24 Jan Digi Q4 2018
24 Jan STMicroelectronics Q4 2018
24 Jan Rogers Communications Q4 2018
25 Jan Telia Q4 2018
25 Jan Vodafone Group fiscal Q3
25 Jan Ericsson Q4 2018
27 Jan Grameenphone Q4 results
28 Jan Dtac Q4 2018
28 Jan Cisco Live 2019
29 Jan Juniper Networks Q4 2018
29 Jan Extreme Networks fiscal Q2
29 Jan Corning Q4 2018
29 Jan 8x8 Q3 fiscal 2019
29 Jan O2 Czech Republic Q4 2018
29 Jan Verizon Q4 2018
29 Jan TowerXchange MENA Meetup 2019
::: More Calendar Items