Bharti Airtel – Zain Deal – Another Expensive Acquisition
Mr. Sunil Mittal is the most determined soul for Wireless African Safari 
After having paid a premium in acquiring Warid Telecom, Bangladesh, this time his company is paying similar hefty premium [even RoE, RoCE are all low and not comparable to Airtel] to acquire the Wireless operations of Zain in Africa with operations in 16 countries including Nigeria, Congo and Tanzania which account for 52-55% of subscribers and revenues.
Even before I could get to my spreadsheets, ready food is on my table and the consensus amongst Analysts is Bharti is paying upto 40% premium to Zain for acquiring Wireless Business in Africa. Read more
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