Bharti Airtel has entered into exclusive talks with Kuwaiti telecoms group Zain in a bid to acquire its African assets for US$10.7 billion. Bharti proposes to make an initial payment of US$10 billion, with the remaining US$700 million to be paid a year after the conclusion of the deal. The deal does not include Zain’s operations in Sudan or its investments in Morocco. If the transaction proceeds, it will be one of the largest cross-border deals in the Middle East and will create one of the world’s leading emerging markets wireless providers, with operations in more than 24 countries.
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