| 14 Jul 2010 |
|
IntraLinks Congratulates Zain on the Sale of its African Operations to Bharti Airtel for US$10.7 billion
- Text size
Landmark deal for global telecommunications industry facilitated by IntraLinks' critical information exchange solution
IntraLinks, a leading provider of critical information exchange solutions, congratulates Zain, the leading telecommunications operator across the Middle East and Africa, on the successful sale of its African operations to Bharti Airtel for an enterprise value of US$10.7 billion. Under the terms of the original agreements, Zain has licensed the use of the "Zain" brand and related trademarks to Bharti in all 15 African operations for an interim period.
The sale of Zain's African business, excluding its operations in Morocco and Sudan, to Bharti Airtel is not only a landmark deal for the global telecommunications industry but is one of the biggest deals in the Middle East since the merger of Emirates Bank and National Bank of Dubai to Emirates NBD in 2007.
Andrew Damico, CEO of IntraLinks, said: "Congratulations to Zain for the successful sale of its African business to Bharti Airtel. We are extremely pleased that we could be part of the process, facilitating the due diligence phase with Zain and the post-closing integration with Zain and Bharti Airtel. To be part of such a landmark deal is exciting and an honor and we look forward to continuing to develop our relationship with both parties moving forward."
-End-
About IntraLinks
IntraLinks is a leading global provider of Software-as-a-Service solutions for securely managing content, exchanging critical business information and collaborating within and among organizations. More than 1,000,000 professionals in industries including financial services, pharmaceutical, biotechnology, consumer, energy, industrial, legal, insurance, real estate and technology, as well as government agencies, have utilized IntraLinks' easy-to-use, cloud-based solutions. IntraLinks users can accelerate information-intensive business processes and workflows, meet regulatory and risk management requirements and collaborate with customers, partners and counterparties in a secure, auditable and compliant manner. IntraLinks counts 800 of the Fortune 1000 as users. For more information, visit www.intralinks.com or http://blog.intralinks.com. You can also follow IntraLinks on Twitter at http://twitter.com/intralinks and Facebook at www.facebook.com/IntraLinks
About Zain
Zain is a leading telecommunications operator across the Middle East providing mobile voice and data services to over 31.4 million active customers as at 31 March 2010 with a commercial presence in 8 countries. Zain is listed on the Kuwait Stock Exchange. Zain operates in the following countries: Bahrain, Iraq, Jordan, Kuwait, Saudi Arabia and Sudan. In Lebanon, the company manages 'mtc-touch' on behalf of the government. In Morocco, Zain has a stake in Wana Telecom through a joint venture. For more information, please visit http://www.zain.com or email Zain Media contacts: info@zain.com or Zain Investor Relations: ir@zain.com For more information please contact:
Anna Roberts, IntraLinks
Tel: 0044 20 7549 5256
Email: aroberts@intralinks.com
Anna Roberts
INTRALINKS
44 Featherstone Street
London,
EC1Y 8RN
t +44 (0)20 7549 5256
m +44 777 237 5021
f +44 (0)20 7549 5201
e aroberts@intralinks.com
w www.intralinks.com
© Press Release 2010
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Post a Comment
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse.