Bharti Airtel to cede at least 20 per cent of its stake in Airtel Kenya to local investors before planned full exit

Sunil Mittal (Photo: Courtesy)

Bharti Airtel will cede at least 20 per cent of its stake in Airtel Kenya to local investors before a planned full exit from the country as part of strict conditions by the industry regulator.  

Bharti Chairman Sunil Mittal last week told the Indian media that the company plans to exit Kenya, Rwanda, and Tanzanian and was currently in active discussions exploring a mix of intra-country sale, purchase, or merger.