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This is an archive article published on March 29, 2010

Gabon says disapproves of Zain sale to Bharti

The govt of Gabon said it disapproves of the sale of Zain's Gabonese assets to Bharti Airtel.

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The government of Gabon said on Monday it disapproves of the sale of Zain’s Gabonese assets to India’s Bharti Airtel and reserves the right to take all necessary measures.

Gabon said in a statement that Zain Gabon had not complied with Gabonese telecommunications regulations.

Zain is about to sell its African assets,excluding Sudan and Morocco,to Bharti for $9 billion,giving the Indian buyer a much sought-after foothold in Africa’s fast-growing market.

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