15 Feb 2010
(MENAFN) Kuiwaiti telecom group Zain announced its consent to offload its African assets to India’s Bharti Airtel, for $10.7 billion, KUNA reported.
Under the agreement, the Indian telecom firm will pay Zain $10 billion by mid-April, and the remaining amount of $700 million will be paid before the end of this year, CNBC Arabia reported.
Zain, the third-biggest telecoms operator in the Middle East, is marking one of the biggest cross-border transactions in the region in years.
Analysts expect that Zain would pay a special dividend to shareholders from the proceeds of this deal.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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