www.WirelessFederation.com/news: The cat is out of the bag. The most talked about deal of the season has been consummated. And India is truly established as the first post-Independence multinational. The highly developed telecom sector of India has now come to the forefront of the world business model.

By signing the final $10.7-billion deal with Zain Africa for all its African assets, Bharti Airtel has finally got the big ticket global acquisition. According to Bharti Airtel CEO, Sunil Bharti Mittal, as soon as the regulatory approvals fall in place, $8.3 billion will get transferred and the remaining $700 million will be transferred after one year.

It has also been revealed by Sunil Mittal that Airtel will rebrand Zain in Africa within months of closing the deal. The company made it clear that there is no need of strategy for the turnaround for Zain. The company has been really doing well occupying the top slot in 10 countries, second in four countries and fourth in just one country i.e. Ghana. Besides, the company has $4 billion of top line and $1.2-billion EBIDTA.

Zain has also been making investments year on year and has invested $600-700 million and even $800 million in capex at times.

Manoj Kohli who has been heading the international operations outside South Asia will take the charge of the new operations in Africa as CEO. Operations of the firm will be led by the Africans and supported by key members of the Indian team who will move from India to Africa.

On the failure of the deal with the Africa’s top mobile operator MTN, Sunil Bharti opined that the deal with Zain is a bigger one as it provides Bharti Airtel to have its own brand, its own management, its own low-cost model and its outsourcing model. If the deal with MTN would have materialized, the company would have only got participation rights and co-management rights in the company.