Posts Tagged ‘zain sold’

Zain Africa Sold!

YEP! Just today! Zain Africa to Bharti Airtel’s for a whopping $10.7 billion making themselves a tidy $5billion

Zain

or more as they bought the original Celtel for $4 billion or so. Of course, only if deal goes through.

Below is the full story from Associated Press:

DUBAI, United Arab Emirates (AP) — Bharti Airtel’s $10.7 billion bid for the Africa assets of Kuwait’s Zain gives India’s largest telecom company a new chance to realize its dream of becoming an intercontinental emerging market phone giant as business grows tougher at home.
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