NEW DELHI Thu Mar 25, 2010 10:29am EDT Related News UPDATE 2-Bharti moves closer to seal $9 bln Zain Africa deal2:20am EDTZain approves African asset sale to India"s BhartiWed, Mar 24 2010UPDATE 2-Zain board approves asset sale to Bharti-sourcesWed, Mar 24 2010 Stocks & &
NEW DELHI (Reuters) - India"s Bharti Airtel Ltd (BRTI.BO) said it was working with Zain (ZAIN.KW) to finalize definitive agreements for buying the Kuwaiti firm"s African mobile business and expected to sign them soon.
Bharti, India"s top mobile operator and 32-percent owned by Singapore Telecommunications (STEL.SI), said in a statement it has completed due diligence on the assets.
It said the agreements would address all key terms and findings from the due diligence process.
Bharti said after signing the agreements, the parties would obtain necessary approvals.
(Reporting by Devidutta Tripathy; editing by Malini Menon)
Deals
No comments:
Post a Comment