Zain receives offer to sell African networks

www.WirelessFederation.com/news: An unnamed group has offered K¬uwait based Zain to acquire its operations in Africa excluding Morocco and Sudan. Though the name has not been divulged by the company, the local media group suggests that the company might be India’s Bharti Airtel.

It has been reported that Bharti Airtel has offered around US$10.7 billion for the former Celtel networks while Zain acquired the pan-Africa Celtel for $3.4 billion in 2005.

Over a year, Zain has been seeking to either sell the African networks or take an outside investor into the whole company.