Is Zain Africa The One For Bharti Airtel?

Bharti Airtel just cannot get it right when it comes to its African expansion. First, India's largest mobile operator bids twice for South Africa's MTN, only to see its plans rejected by South African regulators. Now, it is bidding for the African networks of Kuwait's Zain, excluding Sudan and Morocco, and this time, it is investors who sanctioned Bharti's announcement with a 9.2% fall in the company's share price. Hence one has to wonder what justifies Bharti's persistence in its search for an African target. One explanation is provided by a 'push factor': Bharti is clearly desperate to escape from

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