Kuwait, Feb. 13: Bharti Airtel has offered up to $10.7 billion for the African assets of Kuwaiti telecom group Zain, a Reuters report quoting Kuwaiti newspapers said today. Zain’s board is expected to meet on Sunday to discuss Bharti’s offer, Kuwaiti al-Watan newspaper said in an unsourced report. Officials at both firms were not immediately available for comment.
Hyderabad, Feb. 13: Mahindra Satyam need not necessarily be merged with its new owner Tech Mahindra, and it could well be the reverse, Mahindra Group vice-chairman and managing director Anand Mahindra said today. “Obviously the end goal is to merge the two companies. We have not yet decided which company will merge with which.”