Airtel losing millions from African Ops

Airtel losing millions from African Ops

Report from livemint.com On 9 June 2010, billionaire Sunil Mittal’s Bharti Airtel Ltd spent $9 billion to become a global firm. It bought Kuwait-based Zain Group’s telecom assets in 15 countries in Africa, the next big geography for growth for Asia’s successful entrepreneurs. It took on $8.5 billion in debt to fund its ambitions. Five years later, the company is yet to declare any profits or meet any of its growth targets. Airtel had big…

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