Bharti Chief thanks SingTel
Bharti Chief thanks partners after signing Zain Africa deal On 03.31.10, In Mobile, By Editor . www.WirelessFederation.com/news: With the consummation of the US$10.7 billion deal with Zain Africa, Bharti Airtel chief Sunil Mittal extended his gratitude to its partner Sing Tel for providing its much needed support. As a co-promoter, SingTel holds 31 per cent stake in India-listed Bharti Airtel and therefore its support is critical to any major M&A deal by the company. According to Bharti Airtel Chairman and Managing Director Sunil Mittal who signed the deal in Amsterdam, the extremely tight time lines and the enormity of the task posed a real challenge. Bharti was able to achieve this important milestone through much hard work and support from SingTel and the external advisors. SingTel owns 31% of Bharti Airtel, can I assume it pumped in $3.2b or there about? I hope the thank you means we will bring in the profit and not a one way thing. Thanks for the contribution.