Africa has great potential among all emerging markets: Bharti CEO
www.WirelessFederation.com/news: While explaining the rationale for buying Zain, Africa was described as a potential emerging market by Sunil Bharti Mittal, founder Chairman and Group CEO, Bharti Enterprises.
The need of globalisation for Bharti has also been explained by him as Indian operations were generating free cash flows. While defending his decision to enter into talks with the Kuwait telecom major, he made it clear that competitive intensity is low for Zain in most countries and the valuations offered are fair and reasonable.
According to Bharti officials, Africa had good growth opportunities among emerging markets, given its high population, lower mobile penetration and relatively less competition and the tariffs too, in Africa are more than 10 times India.
KTC signs SMS and GSM deals with 450 international operators (Kuwait)
Kuwait Telecommunications Company, third telecom services company in Kuwait, has announced that it has signed SMS and GSM deals with 450 international telecom operators in 185 countries.KTC’s agreement, which was supervised by Etisalat, is to provide mobile phone services for subscribers.
The deal was signed by Salman Bin Abdulaziz Al-Badran, the Project Manager for KTC’s Third Mobile Telecom License program in Kuwait, and Ali Amiri, Etisalat’s Executive Vice President for Operations.
Al-Badran showed interest in entering the Kuwaiti market with a strong impact by signing of the new deals, the company was looking forward to cooperate with other major regional companies.
