How Sunil Bharti Mittal turned Airtel around in Africa
Gulveen Aulakh 10 min read 29 Aug 2022, 11:37 PM IST
- In 2010, Bharti Airtel entered into a $10.7 billion deal to acquire Zain Telecom’s African operations in 15 nations. It was a bold move but challenges soon cropped up.
Let’s take you back to 2010. The Indian telecom sector was facing its biggest crisis—a corruption scandal in the government over allocation of airwaves for free, one that resulted in a notional loss of ₹1.76 trillion to the exchequer.
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