Telecom giant Bharti Airtel's wholly-owned Nigerian subsidiary has acquired 13.36 per cent additional stake in Nigeria's Airtel Networks.
"Bharti Airtel limited has announced that its wholly-owned subsidiary, Bharti Airtel Nigeria BV, has acquired an additional (around) 13.36 equity stake in Airtel Networks limited, Nigeria from certain existing shareholders," Bharti Airtel said in an official statement.
With this acquisition, Bharti Airtel Nigeria BV now owns 79.06 per cent equity stake in Airtel Networks limited, Nigeria, it added. However, financial details of this transactions was not disclosed by the company. Airtel Network limited holds telecom licence to provide services Nigeria.