Bharti Airtel’s Nigeria arm ups joint venture stake to 79.06%

Telecom major Bharti Airtel on Wednesday said 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 Limited has announced that its wholly-owned subsidiary, Bharti Airtel Nigeria B.V., has acquired an additional (around) 13.36 equity stake in Airtel Networks Limited, Nigeria from certain existing shareholders,' Bharti Airtel said in a statement.

'With this acquisition, Bharti Airtel Nigeria B.V. now owns 79.06 per cent equity stake in Airtel Networks Limited, Nigeria,' it added.