World VoIP NewsBharti Airtel raises USD8 billion for Zain Africa purchaseBharti Airtel raises USD8 billion for Zain Africa purchase

Bharti Airtel raises USD8 billion for Zain Africa purchase


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India’s Bharti Airtel has announced that it has raised funding totalling USD8.3 billion for its proposed acquisition of the African assets of Kuwaiti telecoms group Zain, according to Bloomberg Business Week.
India’s Bharti Airtel has announced that it has raised funding totalling USD8.3 billion for its proposed acquisition of the African assets of Kuwaiti telecoms group Zain, according to Bloomberg Business Week.

Bharti will receive USD7.5 billion via loans from a group of banks led by Standard Chartered and Barclays, and the development comes hot on the heels of reports that Bharti’s board had approved the planned purchase earlier this week.


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