{"id":3835,"date":"2010-02-23T00:00:00","date_gmt":"2010-02-23T00:00:00","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/?p=3835"},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T21:00:00","slug":"zain-readies-for-kenya-africa-exit","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2010\/02\/zain-readies-for-kenya-africa-exit\/","title":{"rendered":"Zain readies for Kenya, Africa exit"},"content":{"rendered":"<p><strong>KUWAIT CITY, Feb 23 &#8211; Kuwait\\&#8217;s Zain telecom will focus its operations on the Middle East after it concludes the sale of its African assets to India\\&#8217;s Bharti Airtel, new CEO Nabil bin Salamah said on Tuesday.<\/strong><\/p>\n<p>&quot;The group is heading towards a new course in its operations by focusing on the Gulf and the Middle East operations which generate most of its revenues and profits,&quot; Salamah said in a statement.<\/p>\n<p>&quot;Zain has great growth opportunities in Iraq, Saudi Arabia and Sudan,&quot; where it has 25 million subscribers out of its 31 million clients in the Middle East, said Salamah, who was appointed earlier this month.<\/p>\n<p>Zain, Kuwait\\&#8217;s largest listed firm, also has operations in Bahrain, Jordan and Morocco as well as a management deal in Lebanon.<\/p>\n<p>Salamah replaced Saad al-Barrak, who was the driving force behind Zain\\&#8217;s massive expansion in Africa and the Middle East, after he quit.<\/p>\n<p>Zain and Bharti, the biggest mobile operator in India, are in exclusive negotiations until March 25 to conclude the sale of Zain\\&#8217;s operations in 15 African nations after a 10.7-billion dollar offer was accepted.<\/p>\n<p>The Kuwaiti firm said it expects to make a profit of up to five billion dollars from the sale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUWAIT CITY, Feb 23 &#8211; Kuwait\\&#8217;s Zain telecom will focus its operations on the Middle East after it concludes the sale of its African assets to India\\&#8217;s Bharti Airtel, new CEO Nabil bin Salamah said on Tuesday. &quot;The group is heading towards a new course in its operations by focusing on the Gulf and the [&hellip;]<\/p>\n","protected":false},"author":12319,"featured_media":3836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"coauthors":[],"class_list":["post-3835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kenya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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