The June 8, 2010, the leading provider of integrated telecommunications services in India, Bharti Airtel Limited (“Airtel”), has completed the acquisition of mobile operations of Kuwait’s Zain in 15 African countries. A $ 10,700,000,000, Airtel was the acquisition of even more expensive and ambitious, and the largest ever cross-border deal in an emerging market to another. Airtel expects this agreement, the company was transformed into a truly global telecom company, fulfilling its vision of building a world-class multinational. Airtel has been a pioneer in the telecom sector in India and was the flagship company of Bharti conglomerate of industries. Sunil Bharti Mittal founded the Bharti Group in 1976, and grew to become a small scale manufacturer of bicycle parts in one of the largest business groups in India, with operations in telecommunications, financial services, retail and food. Airtel began operating telecommunications services in 1995 with the launch of mobile services in New Delhi, India. In a short span of 15 years, the company has become the largest provider of wireless service in India and one of the five largest mobile operators in the world, with revenues of $ 8.8 billion and net income of approximately $ 2 billion at March 31, 2010. Zain acquisition would add 40 million subscribers, bringing its total user base of about 185 million. Bharti What strategy should follow to ensure your success in Africa?
Source: University of Hong Kong
Release Date: June 8, 2011. Prod #: HKU952-PDF-ENG
Indian Tiger lurking in Africa: Bharti Airtel acquiring Zain Africa case settlement