Another takeover by Indian Telecom Company
"Bharti Airtel Acquires Zain Africa BV"
After Corus & JaguarLR aquisitions, here comes another big buy by Indian company, Bharti Airtell.
The Indian telecom major will acquire Zain's African mobile services operations in 15 countries with a total customer base of over 42 million, on an enterprise valuation of $10.7 billion.
Zain is the market leader in ten countries and ranks second in four countries. with this acquisition,Bharti will become the second largest among telecos to cover 1.8 billion people across Asia and Africa .
The company will also be the fifth largest wireless company with operations across 18 countries across the globe. The group's global telecom footprint will expand to 21 countries along with the operations in Seychelles, Jersey and Guernsey
source:
http://www.rttnews.com/Content/TopStories.aspx?Id=1256185
