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After purchasing the African assets of Kuwait’s Zain in a $9bn deal, Bharti Airtel has called on IT companies and network operators to bid for the IT-related services resulting from the deal. Various IT companies and network operators, including IBM…
Uganda’s regulatory authority has affirmed it would accept the Bharti-Zain transaction, provided both parties respect domestic laws.
The Congo Republic has criticized Bharti-Airtel’s takeover of Zain’s African assets, stating that government approval should have been sought beforehand
Nigerian GSM pioneer Econet Wireless International intends to get Zain’s deal with Indian firm Bharti Airtel reversed, in order to resolve Zain’s Nigerian unit ownership situation. Goldman Sachs analyst Hugh McCaffrey revealed the operator’s intentions after meeting with Strive Masiyiwa,…
Mobile Telecommunications Company K.S.C (“Zain”) today announced the signing of definitive agreements for the sale of 100% of Zain Africa BV, its African business excluding its operations in Morocco and Sudan (”Zain Africa”), to Bharti Airtel Limited (“Bharti Airtel”), for…
Bharti Airtel’s imminent victory in its bid for Zain’s African assets is being watched closely by analysts and mobile operators, waiting to see if Bharti’s low-cost model will affect the businesses of incumbent operators like MTN and Globacom.
Zain today confirmed the meeting of its Board of Directors in Kuwait on Wednesday, 24 March 2010, to review the latest developments regarding the sale of its African unit to Indian firm- Bharti Airtel.
Bharti Airtel today confirmed the acquisition of Zain Telecom’s 15-country Africa operations for a total enterprise value of $10.7 billion. .
Head of Vodafone group, Vittorio Colao, has welcomed the Bharti-Zain’s deal, saying that the deal would increase competition in the region and result in better services for customers.
Mobile provider ECONET is making attempts to block any possible sale of Zain Nigeria to Bharti Airtel of India. According to Bloomberg, CEO of Econet, Strive Masiyiwa says his company has the first option to buy the stake acquired by…