Indian firm in mega deal

Zain operates telecom services in 24 countries and had over 69.5 million subscribers as on July 31, 2009.

To strike the second biggest deal ever struck by an Indian firm, telecommunication technology outfit Vavasi and Malaysia-based Al Bukhary has formed a consortium to take over the $7.5-billion (Rs 36,000 crore) Kuwait-based telecom service provider, Zain.

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Who they are

-- Zain operates telecom services in 24 countries and had over 69.5 million subscribers as on July 31, 2009

-- Vavasi, a diversified Indian company, is setting up a silicon- manufacturing project in Rajasthan

-- Malaysia’s Al Bukary group, with assets of more than $10 billion (Rs 48,000 crore) is the world’s third-largest edible oil producer