Nabeel Bin Salamah
Zain’s new CEO certainly has a full in-tray, given Bharti Airtel’s $9bn offer for the telco’s African assets. At times like this, it pays to be well-connected.
February 20, 2010 11:06 by kippreport
Sunil Mittal and Nabeel Bin Salamah have a lot to talk about. The billionaire chairman of Indian telco Bharti Airtel has offered to pay $9 billion to buy most of the African mobile-phone operations of Kuwait’s Zain. Bharti Airtel, India’s largest operator, will also assume $1.7 billion of debt owed by Zain.
Mittal is one of India’s most accomplished businessmen. He founded Bharti in 1976, and today the company has a market capitalization of approximately $40 billion and employs over 30,000 people.
Aside from telecoms, Bharti Enterprises has interests in financial services, retail, manufacturing, and agriculture. Mittal has been presented with one of India ‘s highest civilian awards, Padma Bhushan, along with a host of other awards. He is also a member of the Prime Minister’s Council on Trade and Industry. He was co-chairman of the World Economic Forum in 2007 in Davos and is a member of its International Business Council.
More on Middle East
-
Tesco Clothing Brand Plans International Expansion
-
NCoV – First report of patient-to-nurse spread
-
Turkish Airlines faces strike
-
GMR reveals top 50 Mena Corporate Brands
-
Citi betting on wealthy Middle Eastern family firms
-
Currency shortages hit Vodafone’s Egyptian business
-
IMF and Egypt working to reach loan deal in ‘coming weeks’
-
Hundreds Of Dead Expected After Iran Quake – Official
-
Arab youth choose UAE as model of development and preferred country of residence
-
Consumer confidence high in Morocco says study
-
Standard Chartered would consider Egypt buy
-
Strike shuts Beirut Airport
-
Middle East Owner Signals Early Exit From Leeds
-
Iranian bank fights sanctions in Britain’s supreme court
-
The world’s ‘least welcoming’ countries
-
Egypt will not sign “Emergency” IMF Loan – Cabinet
-
Gulf States buy stake in Virgin Mobile’s Middle East unit
-
Qatar says no more aid to Egypt for now
-
Jordan’s King Abdullah reappoints Ensour
-
Jordan gets loan to ease youth unemployment
Lately on Kipp
-
Kuwait: expats sent packing
-
A maid’s wage
-
ManageEngine Expands NoSQL Support with Redis Monitoring
-
RGH ENTERTAINMENT PRODUCES NEW ANIMATED FEATURE FILM, LIFE AND ADVENTURES OF SANTA CLAUS
-
Dubai Duty Free Honoured at the 4th Sheikh Mohammed bin Rashid Al Maktoum Patrons of the Arts Awards 2013
-
Qatar to announce new energy infrastructure fund
1 Comment
Amazing, incredible content articles. Thanks a great deal, as well as best of luck inside your hobby blog. Thanks as well for a number of informations, things i can found here.