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Bharti Airtel mulls sales, mergers in Africa to cut debt

Monday 23 January 2017 | 09:53 CET | News
Bharti Airtel is investigating the sale or merger of some of its African interests in an attempt to cut a USD 12 billion debt pile and make its biggest overseas acquisition profitable, chairman Sunil Bharti Mittal told BloombergQuint. The moves could be completed within a year, Mittal said. Some of Airtel's businesses in fifteen African nations would be affected, he said.

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Categories: Mobile & Wireless
Companies: Airtel / Bharti Airtel / Infratel / Telenor
Countries: Africa
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