Telecom

Bharti Airtel settles its dispute with Tanzania over Airtel Tanzania’s ownership

Tuesday, 11 June 2019 20:43
Bharti Airtel settles its dispute with Tanzania over Airtel Tanzania’s ownership

(Ecofin Agency) - Indian telecom group Bharti Airtel has agreed to pay $26 million (Tsh60 billion) to settle its dispute with Airtel Tanzania.  

According to Palamagamba Kabudi, Tanzania's minister for foreign affairs and east Africa cooperation, the payment will be made over five years. Its local subsidiary’s debt estimated at $407 million will also be cancelled.  

Since December 20, 2017, Tanzania and Bharti Airtel have been arguing about the ownership of Aitel Tanzania. The government kickstarted the dispute with president John Magufuli who announced on the state-owned television that Airtel Tanzania was the government’s property via the Tanzania Telecommunications Company Limited (TTCL).

Referring to an investigation report on regulatory procedures around Bharti Airtel’s acquisition of Airtel Tanzania, the president indicated that Tanzania had been cheated.

Finance minister Philip Mpango joined the dispute saying that it was a fraud. For Airtel, these claims were wrong because the acquisition had been made in compliance with the regulations in force and had been approved by the government.  

Finally, on March 12, 2018, Bharti Airtel initiated discussions with the government to settle this dispute that has been affecting Airtel Tanzania’s activities.





 
Finance


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.