Take a fresh look at your lifestyle.

Bharti Airtel closes on Kuwaiti Zain assets

0

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.

Do not miss any updates! Subscribe today!
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

So what do you think about this article?

This site uses Akismet to reduce spam. Learn how your comment data is processed.