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ECONET WIRELESS INTERNATIONAL
Bharti Airtel climbs 3% as arm ups stake in Nigerian ventureAirtel’s overall holding in Airtel Nigeria has increased to 83.25 per cent. Following the announcement, the stock rose 3.04 per cent to hit...- Zain to pay Airtel $129 mn for settling all claimsWhile Airtel didn’t provide the specific terms of the settlement with Econet, industry sources said it is paying out a similar amount to Ec...
- Tata Comm to sell Neotel to Liquid Telecom, RBH for Rs 2,903 croreLiquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African investment group, which is to take a 30 per cent equity st...
- Bharti Airtel in red; losing $3 billion suit not a big deal for telco: Nirmal BangAccording to Nirmal Bang, while the litigation may have a short-term overhang on Bharti Airtel stock, the company’s fundamentals are strong.
- Bharti Airtel loses Nigeria court case, may face $3 billion payoutNo comments were received from Econet. Airtel Nigeria is part of the African telecom business that Bharti acquired from Zain for about $10....
- Bharti faces $3 bn hit; experts say valuations good, but upside may be cappedShares of Bharti Airtel slipped as much as 2.2% in intraday trade, after reports said its Nigeria unit has lost a legal battle against Econ...
- Bharti Airtel loses $3 billion case in Nigeria; stock dipsThe Indian company will now have to pay the amount to Econet Wireless, even as it has the option to move to the country's Supreme Court.
- Econet Wireless claims Nigeria High Court has dismissed Bharti Airtel pleaEconet Wireless today claimed that High Court in Lagos has dismissed an application by Bharti Airtel against an award given by an internati...
- Bharti Airtel appeals against Nigerian court order on Econet holdingBharti Airtel said that its Nigerian subsidiary has filed an appeal against a court judgement in Nigeria to reinstate 5% holding of the UK-...
- Zain may earn $3.3 bn from Bharti dealZain Telecom on Wednesday said it would earn $3.3 billion from sale of its African assets to Bharti Airtel for $10.7 billion even as the In...
- Bharti takes SPV route for safe ride into AfricaBharti has formed two SPVs in Netherlands & S'pore to execute the $10.7-bn deal with a lower financial risk.
- Stay calm, we will clear Nigerian line: Zain CEOMinority shareholders in its Nigerian unit raised the pitch in a dispute over ownership and confounded Bharti's potential acquisition. Bhar...
- Nigerian ops threaten to disrupt Bharti's Zain dealA minority shareholder in key Nigerian asset questioned the $10.7-bn deal.
- Ownership tussle may put a spoke in Bharti-Zain dealA dispute over the ownership of Zain’s crucial Nigerian unit as well as a legal offensive by a minority shareholder could complicate Bharti...
- Essar scouting for telcos in AfricaVodafone Essar is eyeing value-added services cos in sub-Saharan and eastern Africa to expand international footprint.
- Essar appoints Michael Foley as CEO,East AfricaEssar Communications Holdings said that it has appointed Michael P Foley as CEO-East Africa.
- Essar arm buys 49% in Kenya-based Econet WirelessEssar Communications acquires the stake by subscribing to fresh capital of Econet Wireless International for an undisclosed sum. Advance gi...
- Essar Communications acquires stake in Kenyan telecom firmRuias-led Essar Communications Holdings Ltd has acquired a 49 per cent stake in Kenya's Econet Wireless International Ltd for an undisclose...
- Subex bags order from Zimbabwe-based Econet WirelessSolutions provider for telecom operators, Subex Azure, on Monday said it has bagged an order from Zimbabwe-based Econet Wireless for supply...
- MTNL, Reliance lead race for Kenya telecom licenceWith just few days to go before financial bids for the second national operator’s (SNO) licence in Kenya opens, chances of an Indian compan...
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