Zain to Pay Bharti Airtel $129m Litigation Claims

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Kuwait’s number one mobile operator by subscriber numbers Zain will pay $129 million to Bharti Airtel over an undisclosed settlement related to the sale of Zain’s Africa operations, Reuters reports.

Zain’s third quarter financial statement said the company was liable for “taxation claims and amounts that may be due for unprovided litigation claims” after the sale of Zain Africa.

The company completed the $9 billion sale of its Africa business which included operations across 15 countries to the Indian firm in 2010.

Zain still operates in South Sudan and Sudan.

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