Take on Bharti-Zain in Businessline
Recently, I was quoted in Hindu Business Line regarding Bharti’s falling user base in Africa. In its June quarter results, Bharti reported a user base of 36 million for its recent acquisition, Zain Telecom (Now Bharti Zain). This was almost 6 million lower than the user base of more than 42 million that it had reported during its acquisistion of the company in March 2010. When I posed this question to Bharti’s management in the comapny’s 1st Quarter (June 2010) analyst call, they did not divulge further information on this issue. In my opinion, this massive fall is the result of a change in ownership. It also indicates that the African telecom markets are not free from intense competition. It is possible that these 6 million subscribers may have shifted to MTN, Africa’s largest telecom service provider.
Posting the link of the article here. Take a look: