Bharti Airtel Orange

Telecom giant Bharti Airtel on Thursday said it has completed the sale of its subsidiary in Burkina Faso to Orange.

In a release to Bombay Stock Exchange, Bharti Airtel said that Orange will acquire 100 per cent of its share capital in the two African countries, which generate annual revenue of 270 million euros. The acquisition will be implemented in partnership with Orange's subsidiaries in West Africa.

Bharti Airtel Ltd, the biggest Indian cellphone carrier, has no plans to exit Africa, it said on Tuesday, despite announcing exclusive talks with France's Orange to sell four of its units there.

In a release to the exchanges, India's largest telecom operator said, "Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel's subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone."

Bharti Airtel on Monday said it has entered into an agreement with France-based telecom operator Orange to sell its four subsidiaries in Africa.

Telecom major Bharti Airtel's business-to-business service arm has partnered France-based Orange Business Services to allow their customers to connect with each other for video conferencing facility.

Bloomberg reports that while no deal is imminent, Orange may consider merging its African assets with those of Bharti's.

Telecom giant Bharti Airtel on Thursday said it has completed the sale of its subsidiary in Burkina Faso to Orange.

In a release to Bombay Stock Exchange, Bharti Airtel said that Orange will acquire 100 per cent of its share capital in the two African countries, which generate annual revenue of 270 million euros. The acquisition will be implemented in partnership with Orange's subsidiaries in West Africa.

Bharti Airtel Ltd, the biggest Indian cellphone carrier, has no plans to exit Africa, it said on Tuesday, despite announcing exclusive talks with France's Orange to sell four of its units there.

In a release to the exchanges, India's largest telecom operator said, "Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel's subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone."

Bharti Airtel on Monday said it has entered into an agreement with France-based telecom operator Orange to sell its four subsidiaries in Africa.

Telecom major Bharti Airtel's business-to-business service arm has partnered France-based Orange Business Services to allow their customers to connect with each other for video conferencing facility.

Bloomberg reports that while no deal is imminent, Orange may consider merging its African assets with those of Bharti's.