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Bharti and Reliance to submit proposals for Zain s African unit

Bharti and Reliance to submit proposals for Zain s African unit

According to Business Day, Indian mobile operators Bharti Airtel and Reliance Communications will soon submit proposals to acquire the African operations of Kuwaiti cellular operator Zain. French company Vivendi has already bid for Zain's African businesses, which is worth nearly US$12bn. However, on June 17 Zain refuted rumours that it was looking to sell the unit.