Tanzania agrees to buy back Bharti Airtel's stake in State telecom
Wednesday May 27 2015
A man talks on a mobile phone in front of a Bharti Airtel advertisement in Jammu, northern India in April 2010, the year the mobile telephone company bought Zain International BV’s pan-African operations. FILE
The Tanzanian government has decided to regain 100 per cent ownership of TTCL in order to rescue the company.
The government and Bharti Airtel had been in talks for the past five years but failed to reach agreement on a price.