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Tag Archives: Zain

Zain targets MTN market share

By Patrick Kagenda Bharti Airtel Chief Executive Officer (International) and joint Managing Director Manoj Kohli’s announcement in Kampala last week that the company intends to invest US$100 million in network expansion is likely to spark renewed price wars. Speaking on the sidelines of the Bharti/Zain Africa CEO`s meeting held at …

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Bharti secures funds to buy Zain

By Agencies India’s largest telco Bharti Airtel has tied up US$ 8.3 billion from a clutch of foreign banks and State Bank of India to fund the acquisition of Zain telecom’s African assets. “Bharti Airtel is pleased to announce that the entire financing requirement of $ 8.3 billion for the …

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Indians buying Zain this month?

By Patrick Kagenda Kuwaiti-based Zain, which was last year a headlines maker after its July announcement that it was looking at its options in Africa including a possible sale of its networks, is back in the news. This time newswires report that it is in talks with Bharti Airtel the …

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Zain going, going ‘gone again?

By Patrick Kagenda After spending over one month making headlines in the African media, the impending sale of Zain Africa operations to Vivendi the French entertainment group appears to have been concluded. Business daily Africa of Kenya Saturday 4 July said Zain has been sold. “Europe’s largest entertainment group Vivendi, …

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