Bharti to close Zain Africa deal soon

www.WirelessFederation.com/news: Bharti- Zain deal is expected to be closed soon by both Bharti Airtel and Zain Africa to acquire latter’s African business. Meanwhile, Bharti Airtel is in the process for getting approvals for its acquisition.

Bharti Airtel signed a deal with Kuwait-based Zain Telecom in March to buy its African business for $10.7 billion, consummation of which will transform Bharti into a truly global telecom company with operations across 18 countries.

The deal will also make Sunil Mittal-led Bharti the world’s seventh largest mobile operator with a total subscriber base of about 179 million with an estimated revenues of $13 billion. Zain on the other hand has operations in 17 African countries and Bharti has acquired all, excluding Sudan and Morocco.