|Published (Last):||24 September 2011|
|PDF File Size:||20.54 Mb|
|ePub File Size:||10.74 Mb|
|Price:||Free* [*Free Regsitration Required]|
Share price of Bharti Infratel Ltd. Bharti Airtel digitally onboards 50 interns. All rights reserved. For reprint rights: Times Syndication Service. Telecom News Telecom Policy. Vodafone Idea. Market Watch. Pinterest Reddit. Watch Announcing the closure of the deal, Sunil Mittal said, "We are delighted at the closure of this transformational deal for India and Bharti Airtel.
Zain has operations in 17 African countries. The closure of the deal implies that Bharti has received all the approvals from the governments and regulators of each of these 15 nations. This acquisition, besides giving Bharti its much-desired presence in Africa , makes it the world's fifth largest wireless company with operations across 18 countries and a subscriber base of around million. The African business would widen Bharti's reach, which was hitherto restricted to Asia and the Indian Ocean region with businesses in Sri Lanka, Bangladesh and Seychelles.
Read more on Bharti. Sunil Mittal. Add Your Comments. Follow us on. Download et app. Become a member. To see your saved stories, click on link hightlighted in bold. Fill in your details: Will be displayed Will not be displayed Will be displayed. Share this Comment: Post to Twitter.
India dials Africa – Bharti Airtel acquires Zain’s African Assets
Vodafone Group announced a partner market agreement with Kuwait-based Zain Group, which will significantly expand UK-based group's presence in Middle East. Airtel had over million customers across 20 countries. The latest global ranking and subscriber numbers were not immediately available. Bank of America-Merrill Lynch downgraded Bharti to "underperform" from "buy", citing rich valuation of deal. Leading Indian telecom players Bharti Airtel and Reliance Communications have joined the race to acquire the African business of Kuwait-based Zain Group, says a media report.
Bharti completes acquisition of Zain's Africa business for $10.7 bn
Share price of Bharti Infratel Ltd. Bharti Airtel digitally onboards 50 interns. All rights reserved. For reprint rights: Times Syndication Service.
African Venture: Promises and Pitfalls of Bharti’s Deal with Zain
There can be no assurance that a transaction will be consummated. Further announcements will be made in due course. The note is, of course, a measure of caution. Talk to the people at Bharti and they will tell you off the record that they expect this deal to be smooth sailing.
Bharti starts drawing funds to complete Zain deal
Also Read Bharti, Hindalco earnings miss estimates, pull down Sensex. The margins in Africa are still low, Kohli said, adding that he hopes to improve them by next year. We want competitive tariffs. Airtel Africa is also looking to leverage its 3G licences in nine countries. This present a huge opportunity for us in terms of providing Internet access," Kohli said. DSL refers to digital subscriber line.