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Gabon says “disapproves” of Zain Africa sale to Bharti

Gabon says “disapproves” of Zain Africa sale to Bharti
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First Published: Mon, Mar 29 2010. 07 19 PM IST
Updated: Mon, Mar 29 2010. 07 19 PM IST
Libreville: A west central African nation Gabon said on Monday it “disapproves” of the sale of Zain’s Gabonese assets to India’s Bharti Airtel and reserves the right to take “all necessary measures”.
The government of Gabon said in a statement that Zain Gabon had not complied with Gabonese telecommunications regulations.
Zain is about to sell its African assets, excluding Sudan and Morocco, to Bharti for $9 billion, giving the Indian telecom a much sought-after foothold in Africa’s fast-growing market.
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First Published: Mon, Mar 29 2010. 07 19 PM IST
More Topics: Zain | Bharti Airtel | Gabon | Telecom | Corporate News |