Zain to discuss renewed Bharti offer

14 February 2010

Indian telecoms firm Bharti has made an offer of up to $10.7bn to buy Zain's African telco assets, Reuters has reported. The board at Kuwait-based Zain is expected to meet today to discuss Bharti's offer. The Gulf's third-largest telecoms firm by market value stopped talks in October to sell its African assets, to appease potential buyers who were looking to take a 46% stake in Zain Group.

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