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Tanzania agrees deal to buy back Bharti Airtel's stake in state telecom | Reuters

May 28, 2015    

DAR ES SALAAM Tanzania's government has agreed a deal to buy back a 35 percent stake in a state-run telecoms company from the local subsidiary of India's top mobile carrier Bharti Airtel BRTI.NR for 14.6 billion shillings ($7.07 million), a senior official said.The east African nation says it wants to regain 100 percent ownership of the Tanzania Telecommunications Corp (TTCL) to recapitalise the cash-strapped firm, which provides mobile voice, data and fixed-line services."Legal procedures are now being finalised for the government to buy back Airtels shares in TTCL and regain sole owners...

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