Bharti Airtel not seeking new buys

With political rather than commercial factors seen as the deal-killer with MTN, analysts have said Bharti could look at Kuwait’s Zain, Sweden’s Millicom and Egypt’s Orascom.

“Hopefully sometime soon,” Mittal told reporters at the Word Economic Forum, replying to a question whether the company was actively looking at new buys. “We are taking a break,” he said. Bharti Airtel Director Akhil Gupta said last week the company would look at buying a stake in Zain.