Bharti Airtel becomes worlds fifth no mobile services provider
Bharti Airtel, Leader in Indian Telecom market has announced it has successfully concluded a $10.7-billion deal to acquire the African assets of Kuwait’s Zain, making Bharti Airtel the world’s fifth largest mobile phone services company. The deal enables Bharti Airtel to extend its services in 15 countries across the African continent except Sudan and Morocco.
“Bharti is now among the five largest mobile operators in the world. This will further strengthen the historic Indo-Africa economic and social ties and provide a big boost to South-South cooperation,” said group chairman Sunil Mittal.
“I am pleased that we are starting with a bank. 42 million customers (which) is the customer base of Zain Africa. 3.6 billion dollars in revenue and just under 1.2 billion dollars in EBITDA is what Africa offers us at this starting point,” added Mittal.
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Bharti now now has a total user base over 180 million in 18 countries. Prior to this deal, Bharti had operations in India, Sri Lanka and Bangladesh.
UPDATE: Bharti Airtel’s Manoj Kohli who will be heading the company’s recently acquired operations from Zain in 15 African countries said that the company is targeting a subscriber base of 100 million to be achieved by 2012-13.
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Hi friend . I love you.
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@Nicky
There is no girl dear? Or you are in love with the one in this pic?
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I like Airtel so thanks
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