India telecom tycoon Africa moves spook investors

by Paul Joseph on March 14, 2010 · 0 comments

Indian telecoms tycoon Sunil Bharti Mittal may be known for his Midas touch, but investors are questioning if his multi-billion-dollar bid to gain a foothold in Africa is a step too far. Mittal, chairman of Bharti Airtel, has seen shares of India’s biggest mobile firm tumble since he made his 10.7-billion-dollar offer for the loss-making African assets of Kuwait’s Zain Telecom last month. Source

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India telecom tycoon Africa moves spook investors

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