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Zain Telecom

Bharti consortium launches undersea cable to connect Africa

in Stock-News

Share Bharti Airtel on Thursday said an international consortium, of which it is a part along with some global telcos, has launched an undersea cable that connects the African continent with rest of the World. The 10,000 kilometer submarine undersea system —— EASSy cable —— has investments of around $ 263 million and will connect [...]

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Bharti announces closure of Zain deal

in Stock-News

Share Bharti Airtel and Kuwait’s Zain closed a $10.7 billion deal in which the Indian telecom major will buy most of the Kuwaiti firm’s African assets. In the largest ever telecom takeover by an Indian firm, Bharti Airtel had in March signed a deal with Kuwait-based Zain Telecom to buy its African business for $10.7 [...]

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Bharti Airtel moves up on its plan to mop up dollar loan for Zain acquisition

Stock-News

ShareBharti Airtel, the country’s largest telecom operator by revenue, is looking to mop up $8.5 billion worth of offshore loan to fund the acquisition of Zain’s African mobile operations, as mentioned in some media reports. The scrip is currently trading at Rs 298.05 per share, up 3.30 points or 1.12% on the BSE. The stock [...]

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Bharti Airtel –Buy- Religare

Broker tips

ShareBharti Airtel (Bharti), post acquisition of Zain Africa (Zain), would compete with MTN/Vodafone, its largest rival in eight of the 15 sub-Saharan African geographies that it intends to acquire. For 9MCY09, these eight geographies contributed 79%, 74%, and 68% of Zain’s subscriber base, revenues, and EBITDA respectively. MTN – formerly one of Bharti’s potential partners [...]

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Bharti confirms $10.7 bn bid for Zain Africa assets

Stock-News

ShareBharti’s move comes after two failed attempts to agree a possible $24 billion deal with South Africa’s MTN Group. Bharti Airtel launched its third attempt to gain a foothold in Africa, entering exclusive $10.7 billion talks to buy most of Kuwaiti telecom Zain’s cellular assets in a continent that offers the last opportunity for major subscriber [...]

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BSNL baulks at Zain splurge

Stock-News

ShareTelco’s cash may not stretch to cover its share of the Zain stake purchase Bharat Sanchar Nigam Ltd (BSNL) may not want to pick up a stake in Kuwait’s Zain Telecom because it wants to hold on to its cash to maintain interest earnings, and pay for third-generation, or 3G, spectrum and an ongoing restructuring [...]

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