The loss-making African operation of Bharti Airtel is expected to dent near-term earnings of India’s biggest mobile operator.
The expansion by Bharti Airtel into Africa underscores the rise of India on the continent, at a time when the focus on investment has been on China.
India’s Bharti Airtel has completed its $9-billion acquisition of African operations from Kuwait’s Zain.
Bharti Airtel looks set to wrap up its $9-billion deal to buy most of Kuwaiti telecom group Zain’s African assets.
Bharti Airtel said it had tied up the entire financing requirement of $8,3-billion for its planned buy of Kuwaiti telecom Zain’s African assets.
Indian telecoms tycoon Sunil Bharti Mittal may be known for his Midas touch, but investors are questioning his bid to gain a foothold in Africa.
Bharti Airtel said $9-billion was not a high price for Kuwaiti telecom Zain’s African assets given the growth opportunities.
Indian telecom tycoon Sunil Bharti Mittal is hoping to make it third time lucky as he seeks to gain a presence in Africa.
India’s Bharti Airtel launched its third attempt to gain a foothold in Africa, entering $10,7-billion talks to buy most of telecom Zain’s assets.
Bharti Airtel has offered up to $10,7-billion for the African assets of Kuwaiti telecom group Zain, newspapers reported on Saturday.
India’s Bharti Airtel may be looking to buy Bangladesh’s Warid Telecom for up to -million.
Shares in India’s top cellphone company Bharti Airtel jumped on Thursday, a day after it announced merger talks with MTN had been called off.
The South African Treasury on Wednesday played down its role in tanked merger talks between MTN and India’s Bharti.
Bharti Airtel said late on Wednesday it and MTN had called off tie-up talks because the SA government would not accept the deal in its current form.
The fate of a major tie-up between Bharti Airtel and MTN hung in the balance on Wednesday with the deadline for talks due to expire.
India’s Bharti Airtel will issue a statement on Tuesday on its tie-up talks with MTN, a source with direct knowledge of the matter said.
Bharti Airtel and MTN are not looking at a dual-listed structure immediately if their merger goes ahead, India’s finance minister said in an interview
Bharti has offered to retain the management at MTN for at least three years and given the option of an all-cash offer to minority MTN shareholders.
SA’s Treasury is to meet government officials in India to discuss foreign exchange-control implications of the planned tie-up between MTN and Bharti.
The proposed tie-up between MTN and Bharti Airtel is being held up by legal problems in India, President Jacob Zuma said on Thursday.
