SingTel may back Bharti, Zain deal

14 March 2010

Bharti Airtel's $9bn acquisition of Kuwait-based Zain's African assets may receive financial backing from Singapore Telecoms (SingTel), Reuters has reported. Bharti and Zain are in exclusive talks until March 25 for the Kuwaiti firm's operations in 15 African countries and have agreed on an enterprise value of $10.7bn for the assets, including $1.7bn of debt on Zain Africa books.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications