According to Dakar Times, Bharti Airtel, the largest Indian mobile phone company by subscribers, is in talks to buy the African assets of the Kuwaiti telecom company Zain for about $10.7 billion.
The two companies said in separate statements recently that they are in exclusive talks until March 25 about the transaction. The potential deal does not include Zain’s assets in Morocco and Sudan, and is subject to due diligence and regulatory approval, they said. (Editor's note: "Due diligence and regulatory approval" seem to be terms of art in Africa. See previous post.)
Meanwhile, Abdourahim Agne, Senegal's telecommunications minister, has confirmed that the Seventh Annual West & Central Africa Com Congress will take place in Dakar on June 16 and 17, 2010.
West & Central Africa Com offers operators (fixed, mobile, wireless), ISPs, regulators, investors and vendors from the region to debate the future of telecommunications in their markets and to meet their peers. After two years during which the congress was held in Abuja, Nigeria, it is coming back to Senegal.
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