Batelco says remains interested in Africa deal

25 February 2010

Peter Kaliaropoulos, chief executive of Bahrain's Batelco has said the company would be interested in acquiring pieces of Kuwaiti Zain's African assets if their buyer, India's Bharti Airtel, ever decided to break them up, Reuters has reported. 'We are looking at all opportunities. If there were assets, we would look at them,' he said, adding he did not expect Bharti to break up Zain's assets. Batelco has said it plans to make an acquisition worth up to $2bn in Africa and India, which it would finance through a mix of debt and equity, and by bringing partners on board.

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