Bharti Airtel will spend up to $800 million (about Rs 3,565 crore) this fiscal on setting up infrastructure network for its new acquisition Zain Africa.
Bharti Airtel on Tuesday inked a definitive agreement with Kuwait's telecom firm, Zain, to acquire its African assets at an enterprise value of $10.7 billion
We will introduce the Airtel brand in Africa in all the markets
Once the deal is through, Bharti Airtel would be the seventh largest telecom company in the world, with a subscriber base of 171 million.
With competitive pressures increasing at home, Bharti is making a third attempt to gain a foothold in the African market.
Two years ago, the number was 4,000, according to Indian businessmen.
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
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