Zain finalises sale of African units

09 June 2010

Kuwait's Zain has said the sale of its African assets to India's Bharti Airtel has been concluded. The firm has received $7.868bn of cash proceeds from Bharti. Over the next six months Zain will receive up to an additional $400m upon certain milestones being achieved, with the balance of $700m due one year from completion as per the original agreements.

A MEED Subscription...

Subscribe or upgrade your current MEED.com 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