By 2010, Zine made a strategic decision to focus on its high-paying Middle East and North Africa operations and invested in new growth opportunities in these markets.
Signet entered Africa in May 2005 with the purchase of Celltel International for $ 3.4 billion. With 13 country operations in Africa, it served over five million customers. By investing in network innovation and acquiring two-country licenses, Sine has made huge investments across the continent. By June 2010, Zine had more than 40 million customers across the continent.
In early 2010, Saina accepted an offer to sell all its operations in Africa. On June 8, 2010, Signe announced that it had satisfied all the conditions necessary to terminate the sale of Sign Africa BV to 100% Bharti Airtel Limited on an enterprise basis for $ 10.7 billion.
This decision led Bharti Airtel Limited to sell 100% of Sign Africa BV in June 2010. US $ 10.7 billion in enterprise value.
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