Bharti Airtel Nigeria buys 13.36% more stake in Airtel Network
Quotes

Bharti Airtel Nigeria buys 13.36% more stake in Airtel Network

Last Updated: Wednesday, March 13, 2013, 14:41
 
 Comment 0
 
Bharti Airtel Nigeria buys 13.36% more stake in Airtel Network
New Delhi: Telecom major Bharti Airtel on Wednesday said its wholly-owned Nigerian subsidiary has acquired 13.36 percent additional stake in Nigeria's Airtel Networks, which holds licence for providing mobile services.

"Bharti Airtel Limited has announced that its wholly-owned subsidiary, Bharti Airtel Nigeria B.V., has acquired an additional (around) 13.36 equity stake in Airtel Networks Limited, Nigeria from certain existing shareholders," Bharti Airtel said in a statement.

"With this acquisition, Bharti Airtel Nigeria B.V. Now owns 79.06 percent equity stake in Airtel Networks Limited, Nigeria," it added.

Airtel Network Limited holds telecom licence to provide services Nigeria.

However, financial details of this transactions was not disclosed by the company.

PTI



First Published: Wednesday, March 13, 2013, 14:38


Comments


comments powered by Disqus
Forbes Best Places for Biz 2014
Forbes Best Places for Biz 2014
Hyundai Elite i20
Hyundai Elite i20
John Kery with Indian Biz Honchos
John Kery with Indian Biz Honchos
Honda Mobilio MPV
Honda Mobilio MPV
Tata Zest first drive review: In pics
Tata Zest first drive review: In pics

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved