Zain Said It’s Agreed to Enter into Exclusive 
Talks with Bharti

Kuwaiti telecommunications provider Zain said Monday its board agreed to enter into exclusive 
talks until March 25 with Bharti, India’s largest cellphone 
operator.

Zain said a day earlier it had received a bid for the African 
division from an unnamed suitor, but did not name the price or 
respond to unsourced reports that a deal had been reached. The sale does not include Zain’s holdings in Sudan or Morocco.

Zain says the deal is subject to due diligence and regulatory
 approval.  — Sapa-AP