Bharti's African Odyssey
The Indian carrier, which is currently in exclusive talks to buy Zain Group 's African operations (but not including Morocco and Sudan) in a deal valued at US$10.7 billion, failed in its (second) effort to merge with African carrier MTN Group Ltd. in September 2009. (See Bharti, MTN Abandon $23B Merger.)
If Bharti, India's biggest mobile operator, is successful with its bid, it will need to find $9 billion for the acquisition itself and assume about $1.7 billion in debt.
Zain, which previously attracted interest from Vivendi for its African operations, expects to net $5 billion if the sale takes place. (See Vivendi Wants Zain's African Assets.)
— Ray Le Maistre, International Managing Editor, Light Reading