Bharti Airtel Entered Kuwait’s Zain Telecom
The Indian telecom operator Bharti Airtel today said it has entered into exclusive talks with Kuwait’s Zain Telecom for acquiring its African operations based on an enterprise value of 10.7 billion dollars.
In a statement Bharati said that this potential transaction does not include Zain’s operations in Morocco and Sudan.Bharti said the completion of the deal remains subject to customary regulatory approvals.
Bharti has operations in Sri Lanka and Bangladesh outside of the country.
Categories: Business
