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Bharti Airtel simplifies structure; Netherlands to hold African operations

In a regulatory filing, Airtel, said that the board has approved the decision to allow Bharti Airtel International (Netherlands) to hold its African operations.

Bharti Airtel simplifies structure; Netherlands to hold African operations
Mauritius-based company (Ni2i) is a wholly-owned subsidiary of Bharti Airtel. Photo: Reuters
Written By: ZeeBiz WebTeam
Updated: Wed, Feb 08, 2017
08:55 am
Mumbai, ZeeBiz WebDesk
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Bharti Airtel has rejigged its international business. The company, in a filing with the stock exchanges said that its subsidiaries Bharti Airtel International (Mauritius) Limited (BAIM), Bharti Airtel International (Netherlands) (BAIN) and Bharti International (Singapore) Pte Limited (BISPL) will now be held entirely by Network i2i Limited, Mauritius. 

Mauritius-based company (Ni2i) is a wholly-owned subsidiary of Bharti Airtel.

In a regulatory filing, Airtel, said that the board has approved the decision to allow Bharti Airtel International (Netherlands) to hold its African operations.

Moreover, the board has also approved that Bharti Airtel's investment in its wholly-owned subsidiaries Bharti Airtel (USA) Limited, Bharti Airtel (Hong Kong) Limited and Bharti Airtel (UK) Limited. These three investments will be made through its Singapore subsidiary. 

"The resultant 'vertical step by step shareholding structure' envisaged by the above restructuring aims to offer number of benefits including delayering and simplification of structure and synergies without any change in ultimate ownership over the said subsidiaries," the company said.