Tanzania government to acquire bigger stake in Airtel
Airtel staff at their stand during a trade fair. Indian owned Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government. PHOTO | NMG
India’s Bharti Airtel has agreed to give part of its stake in Airtel Tanzania to the government, raising the country’s holding in the mobile phone operator to 49 percent from 40 percent, the president’s office said on Friday.
The announcement followed talks in Dar es Salaam between President John Magufuli and Bharti Airtel chairman Sunil Mittal to resolve a dispute over ownership of the Tanzanian mobile operator.
