To sign agreements for Zain Africa assets soon: Bharti

Published on Fri, Mar 26, 2010 at 12:23 |  Source : Reuters

Updated at Fri, Mar 26, 2010 at 13:04  

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To sign agreements for Zain Africa assets soon: Bharti

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Bharti Airtel Ltd said it was working with Zain to finalise 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% owned by Singapore Telecommunications, 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.

  

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