The deal has already been approved by the boards of both companies. Last week, Bharti and Zain reported that all the necessary works have been done and the two companies would sign agreement pretty soon and then the announcement came on March 25, 2010. It was also the last day of the “exclusive talks” between the two companies.
Upon completion of the deal, Bharti Airtel would become the seventh largest telecom company in the world with a subscriber base of 171 million. Zain has its business in different regions in
According to Kuwaity daily, Al-Watan, the deal signing ceremony would take place at the headquarters of Zain Africa in
After signing the deal, Asa’ad Al Banwan would return and hold a board meeting on Wednesday where the annual results Zain will be approved.