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Bharti Airtel rises

April 1, 2010

ZAIN-BHATRI

Shares of Bharti Airtel closed 0.3 percent up on Wednesday in a broader market that ended 0.4 percent higher.

The telecom major hit an intra-day high of over 2 percent before closing.
Bharti Airtel needs to work on getting regulatory clearances for its $9 billion deal to buy 15 African operations of Kuwaiti telecom Zain, and turning around the loss-making assets would be its priority.

The stock has moved over 7 percent so far this month, while for the year it has given a negative return of over 5 percent.

Do you think the Bharti-Zain deal will add value to the company and boost its shares?

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