Qatar will be taking a board seat and plans to be an active investor in Bharti Airtel, the Indian telecoms group in which one of its investment vehicles has agreed to buy a 5 per cent stake, a person close to the Qataris said.
India's federal police on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government to operators between 2001-02.
The searches were in regard to p
Zain has received the final $700 million payment from its $9 billion African asset sale to India's Bharti Airtel, the Kuwait telecoms carrier said in a statement on Thursday.
In June 2010, Zain sold its African operations excluding Sudan a
Kuwaiti telecom firm Zain said it received $295.4 million from India's Bharti Airtel, as part of the sale of its African assets. In June, Zain and Bharti closed a $9 billion deal for the Kuwaiti firm's African assets excluding Sudan and Mo
India's Bharti Airtel has completed its $9 billion acquisition of African operations from Kuwait's Zain, in a deal that would make the Indian firm the world's No 5 wireless carrier by subscribers.
In March, Bharti struck
Kuwait's Zain and India's Bharti Airtel are expected to close a $9 billion deal for most of the Kuwaiti firm's African assets on Tuesday, sources said.
Zain will receive $7.9 billion from Bharti on Tuesday before both firms make an announc
Kuwaiti mobile operator Zain will distribute a large part of its returns from a $9 billion sale of assets to India's Bharti Airtel to its shareholders, Zain chairman Assad Al-Banwan said on Thursday.
In March, Zain struck a deal selling it
Kuwait's Global Investment House narrowed its net loss as expected in the first quarter and could move into profit in the second period with a boost from advisory fees.
The firm, one of Kuwait's biggest investment firms, is advisin
Bharti Airtel, India's top mobile operator, expects it could have early closure of its $9 billion deal to buy most of Kuwaiti Zain's African operations, Akhil Gupta, a director, said on Wednesday.
Bharti had struck the deal in Marc
Goldman Sachs downgraded Kuwaiti telco Zain to 'sell' from 'neutral', saying that the market had reacted 'too positively' to the sale of Zain's African assets to Bharti Airtel for $9 billion.
The brokerage said