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Bharti Airtel Ltd. - Clarification On The News Item

| Updated on November 06, 2018 Published on November 06, 2018

In reference to your email dated November 05, 2018 w.r.t. news item appearing in www.businessinsider.com titled "One of Indias largest telecom provider is trying to launch its IPO in Tanzania But Tanzanian Government disapproves", we wish to clarify as under:

The news item of our trying to launch an IPO in Tanzania is factually incorrect. Airtel Africa Limited, a U.K. incorporated subsidiary of Bharti Airtel Limited is intending to list its shares on an international stock exchange inter alia for funding the growth of its Africa businesses in 14 countries, including Tanzania. We have vide our separate communications to the Tanzanian Government clarified that the listing of shares of Airtel Africa Limited will not change the shareholding or control of Airtel Tanzania or its parent company which holds shares in Airtel Tanzania i.e. Bharti Airtel Tanzania BV. Airtel would, even post IPO continue to majority own Airtel Africa Limited, UK and in turn the African operations.

We trust this clarifies.

Pdf Link: Bharti Airtel Ltd. - Clarification On The News Item

Source : BSE - www.bseindia.com

Published on November 06, 2018
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