India's largest mobile services operator Bharti Airtel hopes to conclude the deal to buy Zain's African assets by March 25 and does not see funding as an issue, its chief said in a newspaper interview on Wednesday.
Bharti Airtel had confirmed on Monday it was in exclusive talks to buy Zain's African assets, excluding Sudan and Morocco in a $10.7 billion deal.
"We are currently doing the last round of due diligence, and I am sure we can complete the process in the short and tight deadline that we have," Chairman and Managing Director Sunil Bharti Mittal was quoted as saying by a national daily.
A series of announcements on the deal would also be made over the next couple of days, he told the newspaper.
The two companies are in exclusive talks until March 25, set as the deadline for the negotiations to conclude.
Source : http://www.hindustantimes.com/Bharti-hopes-to-seal-Zain-deal-by-Mar-25-report/H1-Article1-509695.aspx
Bharti Airtel had confirmed on Monday it was in exclusive talks to buy Zain's African assets, excluding Sudan and Morocco in a $10.7 billion deal.
"We are currently doing the last round of due diligence, and I am sure we can complete the process in the short and tight deadline that we have," Chairman and Managing Director Sunil Bharti Mittal was quoted as saying by a national daily.
A series of announcements on the deal would also be made over the next couple of days, he told the newspaper.
The two companies are in exclusive talks until March 25, set as the deadline for the negotiations to conclude.
Source : http://www.hindustantimes.com/Bharti-hopes-to-seal-Zain-deal-by-Mar-25-report/H1-Article1-509695.aspx
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