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.