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Vodafone sells its 4.2% stake in Bharti Airtel for $200 million

Vodafone Group PLC said on Thursday it sold its stake in telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million.

Vodafone Group PLC said on Thursday it sold its stake in telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million.

The stake represents about a 4.2 percent interest in the Indian mobile carrier Bharti Airtel, which is also a subsidiary of Bharti Enterprises.

The sale results from a directive by India`s Department of Telecoms, which restricts any group from holding an interest in more than one licensee company in the same service area.