Zain Up for Sale? Again?

Posted on February 15, 2010


Bharti Airtel has began exclusive $10.7 Bn talks to buy most of Kuwait’s Telecom Zain’s African Cellular assets, the Indian firm’s third try to gain a foothold in a continent that offers the last opportunity for major subscriber growth.

This move follows two failed attempts to agree a $24 bn deal with South Africa’s MTN group.

Not exactly the best of news for kenyan Zain subscribers since this would the third time ownership changes hand. Not exactly a model for stability.

It still remains to be seen what will come of it.

Posted in: General