Reading comprehension questions answers for competitive exam
Bharti finally entered Africa after aborting negotiations twice for merger with MTN since 2008, with Mr. Mittal stating that in the Zain's case, Airtel would have total control. He said "Zain Africa would now be 100 per cent subsidiary of Bharti International". This deal would signal many new investments that would go to Africa, he added.
At present, China Mobile is the world's largest mobile player with a subscriber base of 522 million, followed by Vodafone (348 million), Telefonica (206 million) and American Movil (201 million). Elaborating on Africa strategy, Bharti's International Operations in-charge ManojKohli said, "the company had set a target of 100 million subscribers and $5 billion revenues by 2012-13". Bharti has acquired Zain Telecom's operations in 15 African nations, excluding Sudan and Morocco. Zain has operations in 17 countries in the region and is claiming to be the second largest operator after MTN. Asked whether he regretted missing a deal with MTN twice and whether that was his first choice, Mr. Mittal said, "MTN was the first opportunity that was available at that time. In MTN's case, we would have had board control but no management control and no change in brand." " "
It can be inferred from the passage that while deciding on a merger, Mr. Mittal: i. considers whether he has effective control of the company. ii. wants to make sure that the Airtel name is always the name of the merged entity. iii. considers management control more important than board control.
(i) and (ii) only
all of the above
(i) and (iii)
Asia and Africa
Zain has become insolvent in three nations.
Zain still has control in these nations and has not sold them to Airtel.
Airtel is not interested in these nations.
Airtel does not see a business opportunity in Sudan and Morocco.