Zain Clarification

Hope every one is aware that, finally, Bharti and Zain have signed the deal. But looks like there is some sort of confusion with regards to the deal. 

Few people have got confused with regards to the African Asset Sale (part business sale) with the earlier (not successful) Group asset sale. Some of them were asking how much have Bharti paid to Zain on "per share basis". Now this is not the right terminology.

Speaking from the investment point of view, it's not correct to say have much have Bharti (Indian Co.) paid per share, as the stakes of entire co. is not involved in the sale. Bharti have bid only for part business and not the entire group, unlike in the earlier case of the previous consortium (of 3 Co.) - (I'll call it 3C) which bid for the 46% of the Group.  

"The Per Share Valuation" will come into existence only when the entire business is been sold.

So the correct terminology should be "If Bharti has paid KD XXX for the 60% of the Business (African Asset contribution to Zain's balance sheet - as a group), how much should be the valuation for the entire co. based on this deal ", now this valuation should be based on the current sale and future prospects of the remaining 40% of the company profits.

Based on the current deal i value Zain  between KD 1.100 to KD 1.400

Happy Investing!!!