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Zain, Bharti deal to be finalized on Tuesday

$9 billion acquisition of the Kuwaiti telco’s African assets expected to be signed this week.

March 29, 2010 11:14 by

Kuwaiti telco Zain is expected to finalize the sale of most of its African assets to India’s Bharti Airtel this week, according to press reports.

Al-Watan newspaper said that the two companies are expected to sign the ‘final contract’ on Tuesday, according to a report quoted by Bloomberg.

Zain is selling most of its African operations to Bharti for $9 billion.

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