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    Home » News » Zain agrees to exclusive talks with Bharti

    Zain agrees to exclusive talks with Bharti

    By Editor15 February 2010
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    Zain_logoKuwaiti telecommunications provider Zain said Monday its board agreed to enter into exclusive 
talks until March 25 with Bharti, India’s largest cellphone 
operator.

    Zain said a day earlier it had received a bid for the African 
division from an unnamed suitor, but did not name the price or 
respond to unsourced reports that a deal had been reached. The sale does not include Zain’s holdings in Sudan or Morocco.

    Zain says the deal is subject to due diligence and regulatory
 approval.  — Sapa-AP

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