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    Media Statement from Bharti Airtel
     
    New Delhi, February 16, 2010 : Further to the announcement made in connection with the proposed acquisition of Zain Group’s African assets:

    The total agreed Enterprise Valuation of USD 10.7 billion is likely to result in a total payout of around USD 9.00 billion (which includes any loans payable by the operating companies to Zain Group) based on the estimated net debt of approximately USD 1.7 billion as on 31st December 2009. It has been agreed that a sum of USD 700 million out of the total payable amount would be paid after one year from closing. The parties have also agreed to a break-fee of USD 150 million payable by either side on terms and conditions customary to a deal of this nature and size.

    About Bharti Airtel Limited : Bharti Airtel Limited, a group company of Bharti Enterprises, is among Asia’s leading integrated telecom services providers with operations in India and Sri Lanka. In South Asia, the company had an aggregate of over 125.3 million customers as of end December 2009, including 120.23 million mobile customers. Bharti Airtel has been ranked among the six best performing technology companies in the world by BusinessWeek.

    Bharti Airtel is structured as four strategic business units - Mobile, Telemedia, Enterprise and Digital TV. The mobile business offers services in India and Sri Lanka. The Telemedia business provides broadband, IPTV and telephone services in 95 Indian cities. The Enterprise business provides end-to-end telecom solutions to corporate customers and national and international long distance services to carriers. The Digital TV business provides DTH services across India. All these services are provided under the Airtel brand. Airtel’s national high-speed optic fibre network currently spans over 118,337 Rkms across India. Airtel's international network infrastructure includes ownership of the i2i submarine cable system and consortium ownership in five global undersea cable systems, SEA-ME-WE 4, EIG, I-ME-WE, AAG and UNITY. For more information, visit
    www.airtel.in