28 March, 2010

Bharti Airtel joins the club of global telecom majors

It’s only a matter of time Bharti Airtel will join an elite club of global telecom majors — a deal with Kuwaiti telecom firm Zain to buy its African assets is just round the corner. Once this $10.7 billion deal is sealed, India’s largest telecom firm by revenue and number of customers, will become the seventh largest telecom company in the world, and fifth in the cellular mobile segment.

Once the deal is done, Bharti Airtel will have a pan-African footprint, thanks to the Zain’s operations in 15 countries, and will remain be-hind only to a select telecom companies that includes China Mobile and Vodafone. It will also gallop ahead of other giants such as China Unicom, Sweden’s TeliaSonera, and Germany’s Tmobile.