AIRTEL ACQUISITION OF ZAIN IN AFRICA PDF

Gatilar In response to query on performance of insurance business, Mittal said that Bharti Axa has recently got new team and fresh investments and insurance business has its own gestation period. NIFTY 50 10, 2. But we will have full control and our own brand. The operations spread across 15 African countries that Bharti is seeking to buy are grouped under an entity called Zain International. Zain has operations in 17 African countries and Bharti has acquired all, but those in Sudan and Morocco.

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Gatilar In response to query on performance of insurance business, Mittal said that Bharti Axa has recently got new team and fresh investments and insurance business has its own gestation period. NIFTY 50 10, 2. But we will have full control and our own brand. The operations spread across 15 African countries that Bharti is seeking to buy are grouped under an entity called Zain International.

Zain has operations in 17 African countries and Bharti has acquired all, but those in Sudan and Morocco. Sunil Mittal becomes honorary chairman of International Chamber of Commerce. Read more on Bharti Airtel. If the deal fructifies, the acquisition will give Bharti a firm foothold in a relatively untapped market and pit it in direct competition with MTN, with which it has tried and failed to merge twice. Another banker with knowledge of the deal said Bharti is likely to maintain flexibility on payment depending on how the talks progress—it could be financed entirely by cash or be a part-cash and part-share deal.

Will be displayed Will not be displayed Will be displayed. The pricing is likely to come down by over 50 bps now. My Saved Articles Sign in Sign up. The company competes with deep-pocketed and nimble footed players like Vodafone India, Idea Cellular and Reliance Jio in the Indian market, amid lowest tariffs offering free voice and very low cost data services.

At the end of September, it had total debt of Rs 91, crore. Defence Defence National International Industry. Your Reason has been Reported to the admin.

Africx should flex muscle in face of US protectionism: Drag according to your convenience. The Africs Reuters Trust Principles. Sunil Mittal, Mukesh Ambani paint different pictures of telecom sector. Bharti-Zain deal Stock quote: This article is closed for comments. Bharti Airtel acquires Zain Africa. International Business World News. Bharti Airtel has long been looking to expand into African market but was unable to do so.

Drag according to your convenience. The acquisition gives Bharti Airtel a total customer base of million, including million subscribers it had airtell India at the end of April.

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There can be no assurance that a transaction will be consummated. Further announcements will be made in due course. Talk to the people at Bharti and they will tell you off the record that they expect this deal to be smooth sailing. Only the Zain board has to give a go ahead, and we have to pay.

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Airtel Acquires Zain Africa At $254.76 Per Customer; Regulatory Approvals Required

Sudan and Morocco would be out of the deal. Representatives from both companies were not available for comment. Bharti has maintained complete silence since the news broke while all Zain said in a statement on Sunday was its board would discuss an offer, but said nothing about the identity of the suitor. A banker familiar with the situation said the acceptance of the offer clears the way for Bharti to carry out a due diligence of the business before a final deal.

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