Third time lucky?
Bharti Airtel’s $10.7bn takeover of the African assets of Zain is hardly the surprise of the century. The Indian telecoms company has been forthright about its ambitions to gain a foothold in the continent, and likewise Zain has made no secret of its desire to sell.
But the Indian telecom company still needs to raise a $9bn loan to support the acquisition and with the market struggling to return to its former lending glory, some may feel it will be a hard task.
Despite the staggering number, my loan banker chums dont seem fazed by
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