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Airtel became the world's fifth-biggest telecommunications company

June 08, 2010  by: Vikram  Points: 25   Category: World News  Earning $0.30   Views: 1815

India's largest telecom company Bharti Airtel on Tuesday said that the Kuwaiti company he acquired all the assets in Africa Jain has successfully, moving the world's fifth largest telecommunications company Airtel now has become.

         

India's largest telecom company Bharti Airtel on Tuesday said that the Kuwaiti company he acquired all the assets in Africa Jain has successfully, moving the world's fifth largest telecommunications company Airtel now has become.

It was by an Indian company in Africa by far the largest acquisition. The deal of the Kuwaiti company's assets do not include Sudan and Morekko.

South African telecom company MTN has twice failed merger attempt with Airtel since entering the African market was the third try. Jain, from 7.18 million subscribers, more than 60 per cent are in Africa.

With the acquisition of Airtel world telecom service provider in 18 countries has become a multinational company. Simultaneously the company's global reach 1.8 billion people will be up.

Bharti Group chairman Sunil Mittal said,
Bharti now the world's fifth largest telecom services provider, has become. The economic and social ties between India and Africa will strengthen.

Jain, 10 of Africa's 15 largest countries in four countries while the second place.

Mittal said,
'We welcome the Bharti family 6,500 skilled professionals and services and to strengthen cooperation we expect from them.'




Comment(s)
Author: winindia        
Posted Date: 07/06/2010    Points:5    

Indian Companies are taking over of Foreign companies ,this is the proof that Indian company and its directors have enough capacity to do business.

Because money can not buy everything and Indian companies are buying proper things at proper time to get the full benefit out of it.

Tata take over Corus and became the one of the largest steel producer in world.

So it is the sign of Growing India
Author: snowdoll487        
Posted Date: 08/01/2010    Points:1    

This is good news.. ^^ Hopefully this success and growth for India continues. ^^
Author: Mathi        
Posted Date: 08/18/2010    Points:1    

This is an example of educated people. Our politicians should be learn from their .

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