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Bharti Airtel Increases Stake in Nigerian Subsidiary
Published on:
Bharti Airtel says that it has increased its stake in its Nigerian subsidiary after buying 13.36 percent of the shares from unnamed sellers.
"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.
Bharti Airtel now owns 79.06% of the Nigerian mobile network.
Financial details were not disclosed.
The Nigerian network accounts for around a third of the company's African customer base.
Tags: [bharti airtel] [Nigeria]
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