Hitting the acquisition trail once again in a month, the homegrown telecom giant Bharti Airtel is exploring the possibility to snap up the operations of the Kuwait-based Zain Telecom in the fast growing African markets.

Pushing ahead aggressively with its global ambitions, on the back of diminishing revenues from its domestic operations as tariff has hit rock-bottom following one-paisa-per-second calls, Bharti's move to buy out Zain's African business, comes on the heels of the entity acquiring majority stake in the Bangladesh-based Warid Telecom for $300 million (about Rs 1,360 crore) on January 12.

BSE  |  NSE Price

Also Read   Related Stories News Now - Bharti Airtel sheds on fresh acquisition plans - Airtel in exclusive talks with Zain for Africa unit - Zain has accepted Bharti offer for African assets, say sources - Zain accepts Bharti's offer for African assets - Wkly Tech Analysis: Index rise capped around 16,600 - Bharti offers $10.7 bn for Zain's Africa business

Also Read   Related Stories News Now - Markets end flat - IFC plans to invest in Malaysia's Khazanah healthcare arm - Cong leaders must work together for winning elections: Scindia - Hotel Leelaventure redeems outstanding bonds worth $41.6 mn - Ex-Galleon portfolio manager testifies against Rajat Gupta More

Bharti, the country's largest telco, today said it will enter into exclusive talks to acquire the Kuwait-based Zain Telecom's African operations, for an enterprise value of $10.7 billion.

Zain Telecom operates in 17 African countries and Bharti's offer is for buying businesses in all the regions except that of Sudan and Morocco.

Bharti,'s which has nearly 125 million users in the country, earlier efforts to enter the emerging African market received a major jolt last September, after it called off its months-long $23-billion merger talks with the South African MTN Group.

It can be noted that the talks between the two Bharti and MTN failed twice in as many years.

Bharti's acquisition offer for Zain's African operations comes in the backdrop of the state-run telcos-- BSNL and MTNL --looking to own a pie in Zain.

Last year, the two state-run telcos, seeking to get a foothold in the African market, had expressed interest in acquisition of a stake in Zain. However, later on they went slow on the plan.

Zain is estimated to have over 40 million subscribers in Africa.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - IFC plans to invest in Malaysia's Khazanah healthcare arm - Cong leaders must work together for winning elections: Scindia - Hotel Leelaventure redeems outstanding bonds worth $41.6 mn - Ex-Galleon portfolio manager testifies against Rajat Gupta

Tags : Bharti Airtel | African safari | Zain Telecom | Warid Telecom | telecom industry   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More