Sunday 14 February 2010

Bharti offers $10.7 bln for Zain Africa ops-reports



Bharti Airtel (BRTI.BO) has offered up to $10.7 billion for the African assets of Kuwaiti telecom group Zain (ZAIN.KW), Kuwaiti newspapers reported on Saturday, as India's largest mobile operator makes a renewed foreign push.

Zain's board is expected to meet soon to discuss Bharti's offer, local daily al-Rai said in an unsourced report.

Officials at both firms were not immediately available for comment.

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