Zain says Africa sale profit $2.7 bln so far - TV | Reuters

Kuwait's Zain has so far made $2.7 billion in profits from the sale of its African assets to India's Bharti Airtel, the company's chairman told Arabiya TV on Tuesday.

By the time Zain receives all its dues from the deal, the figure will be higher, the company's Chairman, Assad al-Banwan, told the Dubai-based TV hours after the two telecoms majors closed the $9 billion deal.

"The profit we informed the (Kuwait) Stock Exchange committee of was about $2.7 billion," Banwan said, adding the figure was based on the money received so far from the deal.