Bharti Airtel has completed the acquisition of Zain Telecom’s Africa operations for US$bn. Read more about Bharti Airtel completes acquisition of Zain on Business Standard. In the largest ever telecom takeover by an Indian firm, Bharti. Bharti had a very low “Net Debt to Equity Ratio” of at the end of Dec., which means that it was virtually a debt free company It is good.
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Not all analysts are as harsh.
Announcing the deal, Sunil Mittal said, “This agreement is a landmark for global telecom industry and game changer for Bharti. Bharti Airtel to close Zain Africa deal soon. As operators in India have shown, achieving a minimalist cost structure is the best foundation an operator in an emerging market can have. The company reported a decline in profits and flat revenue for the quarter ended March 31, even though its customer base grew 35 percent over the same quarter last year.
The pricing is likely to come down by over 50 bps now. Voice calls were earlier charged by the minute. Bharti did not respond to specific questions. Special Correspondent New Delhi, June 08, Foul language Slanderous Inciting hatred against a certain community Others. A banker familiar with the situation said the acceptance of the offer clears the way for Bharti to carry out a due diligence of the business before a final deal.
He declined to be named as his organization does not authorize him to speak to the media. Zain has operations in 17 countries in the region and is claiming to be the second largest operator after MTN.
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The company announced that it would launch the Airtel brand in Zain’s operations in all the 15 nations in October. What is the outlook for telecom stocks? Bharti finally entered Africa after aborting negotiations twice for merger with MTN sincewith Mr. We believe we have acquired a promising asset and the long-term zian fundamentals of the market are intact.
Zain is the second largest operator and that is the only difference. Please Email the Editor.
Bharti Airtel completes Zain acquisition
This will alert our moderators to take action. Fill in your details: But it has never met these targets and now it looks like Bharti may have bitten off more than it could chew. Another banker with knowledge of the deal said Bharti is likely to maintain flexibility on payment depending on how the talks progress—it could be financed entirely by cash or be a part-cash and part-share deal.
At the end of the March quarter—the target the company had set for itself—Airtel had The acquisition, the second largest by an Indian entity after Tatas’ Corus deal, would make Sunil Mittal-led Bharti the world’s seventh largest mobile operator with a total subscriber base of about million.
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Then there was the fact that India, airtsl core market, was still drawing too many management resources of the company. Printable version Jan 1, 3: Mittal stating that in the Zain’s case Airtel would have a total control.
At present, China Mobile is the world’s largest mobile player with a subscriber base of million, followed by Vodafone millionTelefonica million and Aairtel Movil million. The acquisition gives Bharti Airtel a total customer base of million, including million subscribers it had in India at the end of April.
Bharti Airtel completes Zain acquisition – The Hindu
Your Reason has been Reported to the admin. Zain has operations in 17 African countries and Bharti has acquired all, but those in Sudan and Morocco. Crude oil prices to direct sugar prices in Get instant notifications from Economic Times Allow Not now. Mon, Jun 08 He said Zain Africa would now be per cent subsidiary of Bharti Airtell.