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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
 

By Fiona MacDonald

Feb. 13 (Bloomberg) -- Zain, Kuwaitís 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 Zainís 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 didnít 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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