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Money News

Bharti expects to close Zain deal soon - spokesman

A man talks on a mobile phone in front of an advisement of Bharti Airtel in Agartala, January 22, 2010. REUTERS/Jayanta Dey/Files

NEW DELHI (Reuters) - Bharti Airtel is “progressing well” in getting approvals for its $9 billion buy of Kuwaiti telecom Zain’s African assets, a spokesman for Bharti said on Wednesday, expecting the deal to close soon.

“The approval process is progressing well and we expect deal closure to happen soon,” the spokesman said in a statement in reply to questions from Reuters.

Reporting by Devidutta Tripathy; Editing by Ramya Venugopal

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