Bharti makes offer for Zain Africa's assets

15 February 2010

India's Bharti Airtel has offered $10.7bn to buy most of Kuwait Zain's African assets, the companies said. Zain and Bharti will hold exclusive negotiations until March 25 on the deal, which would create one of the largest emerging-markets phone operators. The proposal does not include Zain's Morocco or Sudan operations and is subject to due diligence and regulatory approval.

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