| From Businessweek.com: Zain expects a return of as much as $5 billion from selling most of its African operations to Bharti Airtel Ltd. in a deal that would almost halve its assets. Kuwait Investment Authority, the emirate’s sovereign wealth fund, is Zain’s biggest shareholder with about 25 percent.
Bharti, South Asia’s biggest mobile-phone company, and Zain said yesterday they entered into exclusive talks under which the Indian company would buy the African assets for $10.7 billion. Bharti will pay $10 billion when the deal is completed and the rest a year later, Zain said in a statement on the Kuwait Stock Exchange Web site today........................................Full Article: Source
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