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Bharti

Mobile and Telecoms

Bharti seeks to outsource Zain’s African operations

Staff Writer -
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...
Mobile and Telecoms

Bharti-Zain deal to get support in Uganda

Staff Writer -
Uganda’s regulatory authority has affirmed it would accept the Bharti-Zain transaction, provided both parties respect domestic laws. Since its confirmation, Bharti Airtel’s acquisition of Zain's African operations for $9 billion has caused a stir in countries like Congo and...
Mobile and Telecoms

Congo rejects Zain-Bharti deal

Staff Writer -
The Congo Republic has criticized Bharti-Airtel's takeover of Zain’s African assets, stating that government approval should have been sought beforehand According to Nigerian publication Daily Independent, Congo’s telecoms minister, Thierry Moungalla, urged both parties to remedy the situation within 30...
Mobile and Telecoms

Econet to reverse Zain-Bharti deal?

Staff Writer -
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 and Telecoms

Sealed- Zain announces US$10.7 billion sale of its African assets to Bharti Airtel

Staff Writer -
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”),...
Mobile and Telecoms

Should African operators be afraid of Bharti?

Staff Writer -
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. Bharti’s Chairman,...
Mobile and Telecoms

Zain board confirms Bharti deal

Staff Writer -
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. In the official statement released today...
Mobile and Telecoms

It’s a deal: Zain finally gives the OK to Bharti

Staff Writer -
Bharti Airtel today confirmed the acquisition of Zain Telecom’s 15-country Africa operations for a total enterprise value of $10.7 billion. . Zain’s board finally approved the deal allowing Bharti, India’s largest mobile phone operator by subscribers, to expand into Africa....
Mobile and Telecoms

Vodafone CEO: Bharti-Zain deal, good for mobile subscribers

Staff Writer -
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. The CEO of Vodafone said Bharti's investment would contribute to the consolidation...
Mobile and Telecoms

Zain Nigeria not for sale to Bharti

Staff Writer -
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...
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PayPal and TerraPay Unite to Expand Cross-Border Payments Across MEA

PayPal has announced a strategic partnership with TerraPay, a leading global money movement platform, to enable real-time fund transfers...
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