The loss-making African operation of Bharti Airtel is expected to dent near-term earnings of India’s biggest mobile operator.
Indian police arrested the former chief organiser of the Delhi Commonwealth Games on Monday as part of a crackdown on corruption.
Vodafone will buy out Indian partner Essar in a $5-billion deal that ratchets up its exposure to a mobile market that has proved challenging.
Bharti Airtel looks set to wrap up its $9-billion deal to buy most of Kuwaiti telecom group Zain’s African assets.
Bharti Airtel said it had tied up the entire financing requirement of $8,3-billion for its planned buy of Kuwaiti telecom Zain’s African assets.
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/ 25 February 2010
Bharti Airtel said $9-billion was not a high price for Kuwaiti telecom Zain’s African assets given the growth opportunities.
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/ 15 February 2010
India’s Bharti Airtel launched its third attempt to gain a foothold in Africa, entering $10,7-billion talks to buy most of telecom Zain’s assets.