In reference to your e-mail dated November 05, 2018 w.r.t. information merchandise showing in www.businessinsider.com titled “One of Indias largest Telecom provider is trying to launch its IPO in Tanzania But Tanzanian Government disapproves”, we want to make clear as below:
The information merchandise of our making an attempt to launch an IPO in Tanzania is factually incorrect. Airtel Africa Limited, a U.Okay. integrated subsidiary of Bharti Airtel Limited is desiring to checklist its shares on a global inventory alternate inter alia for funding the expansion of its Africa Companies in 14 nations, together with Tanzania. We have vide our separate communications to the Tanzanian Government clarified that the itemizing of shares of Airtel Africa Limited won’t change the shareholding or management of Airtel Tanzania or its father or mother firm which holds shares in Airtel Tanzania i.e. Bharti Airtel Tanzania BV. Airtel would, even publish IPO proceed to majority personal Airtel Africa Limited, UK and in flip the African operations.
We belief this clarifies.
Bharti Airtel Ltd. – Clarification On The News Item
Source : BSE – www.bseindia.com