Bharti Airtel buys Econet Wireless' 4.2% stake in Airtel Nigeria

Bharti Airtel buys Econet Wireless' 4.2% stake in Airtel Nigeria
Through the latest acquisition, Airtel's overall shareholding in Airtel Nigeria has risen to 83.25%. Logo of Bharti Airtel. Image Source: Reuters
Written By: ZeeBiz WebTeam
Updated: Sat, Nov 26, 2016
12:21 pm
Mumbai , ZeeBiz WebDesk
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Bharti Airtel announced on Saturday that it has completed the acquisition of Econet Wireless' entire 4.2% shareholding in Airtel Nigeria.

Through the latest acquisition, Airtel's overall shareholding in Airtel Nigeria has risen to 83.25%.

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“Bharti Airtel International (Netherlands) BV through its wholly-owned subsidiary 'Airtel', has completed the acquisition of Econet Wireless Limited’s entire 4.2% shareholding in Airtel Nigeria. As a result, Airtel’s overall holding in Airtel Nigeria has increased to 83.25%,” Bharti Airtel International (Netherlands) BV said in a press release on Saturday.

Bharti Airtel is an Indian global telecommunications company with operations in 20 countries across Asia and Africa and is headquartered in New Delhi.  

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