The analysts are debating about the pros and cons of the Bharti-Zain deal and the negative impact that the company may need to suffer due to Sunil Bharti Mittal’s African dreams but the
company recently announced that it has arranged the required $8.3 billion funding for the acquisition of Zain. The company said that the financing was mainly contributed by the overseas banks.

Notably, the deal with Zain is the third time that the company is making an attempt to enter the African market after going through two unsuccessful attempts with MTN. The duo are in exclusive
talks until March 25 and the experts are now of a view that Bharti will be able to satisfy its thirst for African user base.  

With Standard Chartered and Barclays lent the highest amount i.e. $1.3 billion and $ 900 million respectively, the other lenders in the consortium are State Bank of India, Australia and New
Zealand Banking Group Ltd, Bank of America-Merrill Lynch, BNP Paribas SA, Credit Agricole CIB, DBS Group Holdings Ltd, HSBC Holdings Plc, Bank of Tokyo-Mitsubishi UFJ Ltd and
Sumitomo Mitsui Banking Corp. In fact, sources confirm that the home-grown telecom giant will receive an additional $1 billion to cover the transaction costs and other charges of the deal.