I have always been an admirer of this company. It saw the opportunity in African continent well in advanced and grabbed it. Zain slowly acquired stack in so many of African operations and now it had sold them to Bharti. In few years is making a clean profit of $3.3 billion from sale of its African assets other than in Sudan and Morocco to Bharti Airtel for $10.7 billion even as the Indian operator said the deal is well-priced.
Bharti after signing this deal is all set to become fifth-largest wireless operator in the world with a combined subscriber base of over 179 million and operations across 18 nations. Bharti is taking a debt of $8.3 billion, to be paid upfront, besides paying another $700 million after one year. Manoj Kohli, CEO, international and joint MD of Bharti Airtel, will head the African operations.
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