From sudaneseonline.com
Zain Gets $10.7 Billion Offer for African Assets, Al-Rai Says
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Feb 13, 2010 - 6:27:25 AM
Zain Gets $10.7 Billion Offer for African Assets, Al-Rai Says
Feb. 13 (Bloomberg) -- Zain, Kuwait�s biggest phone company, received a formal $10.7 billion offer from Bharti Airtel Ltd. for most of its African assets, Al-Rai reported, without saying where it got the information.
The offer, which does not include purchasing Zain�s operations in Sudan, is to be discussed soon in a Zain board meeting, the newspaper said.
Zain spokesman Ibrahim Adel declined to comment on the report when contacted by Bloomberg News today. Bharti spokesman Senjam Raj Sekhar didn�t respond to calls made to his mobile phone.
To contact the reporter on this story: Fiona MacDonald in Kuwait at [email protected]
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