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Bharti Airtel has said that its wholly-owned Nigerian subsidiary has acquired 13.36 per cent additional stake in Nigeria’s Airtel Networks, which holds licence for providing mobile services.
“Bharti Airtel Ltd has announced that its wholly-owned subsidiary, Bharti Airtel Nigeria B.V., has acquired an additional (around) 13.36 equity stake in Airtel Networks Ltd, Nigeria from certain existing shareholders,” Bharti Airtel said in a statement today.
“With this acquisition, Bharti Airtel Nigeria B.V. now owns 79.06 per cent equity stake in Airtel Networks Ltd, Nigeria,” it added.
However, financial details of the transactions were not disclosed by the company.
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