Bharati Airtel’s hunt for inorganic growth this time around has come to an halt at the Kuwait based Zain group’s assests in the African continent excluding Sudan and Morocco. This move comes after facing two failed deals with African major MTN, whose deal size would have ranged from 20 to 25$ billion.
Reports suggest that Bharati is offering 10$ Billion for all of Zain’s assets except Morocco and Sudan. The valuations are out there with out any supporting evidence of the actual value and the premium justification. Bharati says that it values the Zain assets at $12 Billion which seems absurd.
India