Zain Africa

Telecom debt woes due to incumbents not investing in biz: Jio

Billionaire Mukesh Ambani-led Reliance Jio on Monday ascribed financial stress in the telecom sector to existing operators like Bharti Airtel and Idea running businesses on debt and investing heavily in unrelated sectors.

Jun 12, 2017, 18:16 PM IST

Zain Telecom to pay Bharti Airtel $129 million for settling disputes

Bharti Airtel Thursday said Zain Telecom, the company whose African business it had acquired for USD 10.7 billion six years ago, will pay around USD 129 million for the settlement of its various claims and disputes in Nigeria.

Nov 03, 2016, 12:59 PM IST