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Airtel's African deal debt cost at $200 mn

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CIOL Bureau
New Update

NEW DELHI, INDIA: Bharti Airtel's annual debt servicing cost for its African deal has been pegged at $200 million, Manoj Kohli, chief executive of Bharti's international unit said on Wednesday.

Bharti Airtel last month completed its $9 billion acquisition of mobile operations in 15 African countries from Kuwait's Zain in a deal that made the Indian firm the world's fifth biggest cellphone company by subscribers

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