A day after Kuwait's Zain Telecom approved the bid by Bharti Airtel, the Indian telecom operator on Monday said it has entered into exclusive talks with Zain for acquiring its African operations based on an enterprise value of USD 10.7 billion.

"Bharti Airtel Ltd and Zain have agreed to enter into exclusive discussions until March 25, 2010, for the acquisition of Zain's African unit based on an enterprise value of USD 10.7 billion," Bharti said in a statement.