Bharti Airtel appealed against Nigeria court verdict
Last Updated: Wednesday, February 8, 2012 - 10:48
New Delhi: Bharti Airtel's stake in its Nigerian unit is "completely safe" and the world's fifth-biggest mobile phone carrier by subscribers has appealed against a Nigeria court verdict, said Manoj Kohli, its chief executive for international operations.
A Nigerian court last month ruled that Bharti's ownership of Airtel Nigeria is "null and void" because co-founder and 5 percent shareholder Econet Wireless was not consulted on the transfer, according to a judgment.
First Published: Wednesday, February 8, 2012 - 10:48