BHARTI AIRTEL SALES ALL ITS SHARES IN TTC TO TANZANIA GOVERMENT

Airtel Tanzania (Airtel)  announced that it has signed an agreement with Tanzania Telecommunications Company Limited (TTCL) to complete the sale of its 35% shareholding in the fixed line business to the Government of Tanzania.

 Airtel Africa’s Executive Chairman, Christian de Faria said, “The completion of the sale of Bharti Airtel’s shareholding in TTCL to the Government marks the end of a long and mutually beneficial journey in fixed line telecommunications. Airtel remains committed to Tanzania as it continues its strategic partnership with the Government through the mobile business - Airtel Tanzania, and will continue to invest to grow the business further.”

TREASURY Registrar, Mr Lawrence Mafuru (left) and Bharti Airtel Africa CEO, Christian De Faria signing an agreement to exit its shareholding in Tanzania Telecommunications Company Limited (TTCL) where it had 35% Equity together with the Government of Tanzania holding 65%. Looking on center is the Deputy Permanent Secretary Ministry of Construction Work and Communication Dr. Maria Sasabo, and other government officials. The Signing ceremony took place today at TTCL Head Office Samora Street Dar es Salaam.

. TREASURY Registrar, Mr Lawrence Mafuru (left) display  Bharti Airtel

shareholding certificate soon after Bharti Airtel Africa CEO, Christian De Faria (right) signed an agreement to exit its shareholding in Tanzania Telecommunications Company Limited (TTCL) where Bharti Airtel had 35%

. Airtel  Africa team with Tanzania Government delegates  soon after  signing an agreement for Bharti Airtel  to exit its 35% shareholding in Tanzania Telecommunications Company  Limited (TTCL )were Government  of Tanzania will own 100% equity.

 

About Bharti Airtel                      

Bharti Airtel Limited is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 3 mobile service providers globally in terms of subscribers. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In the rest of the geographies, it offers 2G, 3G and 4G wireless services and mobile commerce. Bharti Airtel had over 361 million customers across its operations at the end of May 2016. To know more please visit, www.airtel.com