Vodafone sells its 4 percent Bharti Airtel stake for $200 mn

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SME Times News Bureau | 30 May, 2015
British telecom major Vodafone has sold its 4.2 percent stake in Bharti Airtel to Bharti Enterprises (Holding) for USD 200 million.

Vodafone said in a statement here that its decision to offload its stake in the largest telecom operator in India, in terms of subscribers base, follows the new unified licence (UL) regime that prohibits holdings by any group in more than one licensee company in the same service area.

The telecom major confirmed the sale of its share in Bharti Infotel, representing an approximate 4.2 percent interest in Bharti Airtel, through a "wholly-owned subsidiary" to Bharti Enterprises Holding for USD 200 million.