Zain

The payment will have no future financial impact on Zain as it set aside provisions to cover potential payments related to the transaction at the time of the sale, a spokesman for Zain, which operates in eight countries in the Middle East and Africa, said.

Airtel may have to pay $3 bn to African operator

Econet Wireless Nigeria (EWN) has sought damages and compensation of about USD 3 billion. Airtel said it will appeal against the judgement before the Supreme Court of Nigeria.

Vodafone nears Mid-East roaming deal with Zain -source

Vodafone is close to signing an agreement with Kuwait-based telecoms operator Zain to gain access to its Middle East networks, a person familiar with the situation told Reuters on Friday.

Bharti Q4 net falls 28% as competition bites

Bharti Airtel , India's biggest mobile phone carrier by subscribers, reported its ninth straight quarterly profit decline as intense price competition and losses on foreign exchange eroded earnings.

Re fall won't impact debt servicing capability: Bharti

Bharti Airtel had acquired Zain via Netherlands arm in 2010. Functional currency for Netherlands arm is US dollar. The telecom major says, there is no profit and loss (P&L) impact of forex due to rupee fluctuations on Zain financing.

Exit Renuka, switch to better stocks: IIFL Private Wealth

Even though the broader index was relatively flat yesterday, the midcap space saw carnage. Prashastha Seth, Senior Vice President at IIFL Private Wealth believes that this volatility will continue till there is some certainty in terms of the economic outlook.

Bharti Airtel makes final payment of $700 mn to Zain

Bharti Airtel touched an intraday high of Rs 390.20 and an intraday low of Rs 384. At 10:34 hrs the share was quoting at Rs 387.25, up Rs 5.25, or 1.37%.

Bharti makes final payment of USD 700m to Zain

Private telecom operator Bharti Airtel today paid the last tranche of USD 700 million dollar to Kuwait-based Zain for buying its Africa assets, completing the full and final cash payment of USD 9 billion.

Bharti gets investor okay for $1-bn bond issue: Sources

Bharti Airtel has reportedly received investor okay for issuing bonds worth USD 1-1.2 billion, reports CNBC-TV18, quoting sources. The Bharti board will take a final call post shareholder approval. Sources said capital rasied via bond issue will be used to retire part of its debt that accounted for Zain (Africa) acquisition.

Bharti Airtel sees Africa margin boost, confident of goals

Bharti Airtel, which last year bought mobile operations in 15 African countries, is on target to generate USD 5 billion in revenue from the continent and reach 100 million subscribers there by the end of March 2013, a top executive said.

Kuwaiti conglomerate Kharafi Group's chairman dies

The billionaire chairman of the Kuwaiti conglomerate Kharafi Group, a major shareholder in telco Zain, has died in Cairo from a heart attack, a Kharafi Group source said on Sunday.

UAE's Etisalat says still interested in Zain deal

UAE telecoms firm Etisalat, whose USD 12 billion bid for a controlling stake in Zain has been hit by setbacks, on Wednesday said it was still interested in the Kuwaiti firm.

Etisalat sees Zain financing, due diligence on track

UAE telecoms firm Etisalat said it will complete bank financing and due diligence for its planned USD 12 billion acquisition of Kuwait's Zain by the end of February.

Etisalat says regrets Zain snub of Saudi ops bids

Etisalat, which is keen to complete a USD 12 billion bid for a controlling stake in Kuwait's Zain, said on Sunday it was comfortable with the pace of its due diligence on the firm.

Etisalat deal at risk as Zain snubs Saudi ops bids

UAE telco Etisalat's USD 12 billion bid for a stake in Zain is in jeopardy after the Kuwaiti telecoms firm failed to meet a key condition and a major shareholder refused to allow more time for the deal.

Airtel determined to be no 1 loved brand in Africa: Kohli

Manoj Kohli the CEO, International and the joint managing director of Bharti Airtel, in an interview with CNBC’s Lerato Mbele, spoke about the telecom major’s brand new look and what route they plan on following in their quest to conquer the African continent.

Etisalat says still working to complete Zain deal

UAE telecoms firm Etisalat said on Sunday it was still working to complete a "definitive transaction" to buy a stake in Zain for USD 12 billion, despite missing a January 15 due diligence deadline.