Question: Recently, Indian telecom company Bharti Airtel acquired a hundred percent stake in Rwandan operations by partnering with which of the following African telecommunications company?
(a) Milicom
(b) Rwandatel
(c) MTNL
(d) Inconet
Answer: (a)
Related Facts:
- On December 19th, 2017, Bharti Airtel by partnering with Milicom International acquired 100% stake in its Rwanda’s operations.
- Currently it is operating under the brand name of ‘Tigo Rwanda’. Under the agreement, Airtel Rwanda Limited will purchase 100% stake of Tigo Rwanda Limited.
- Under the agreement, Tigo’s customers will be connected to the network of Airtel Rwanda.
- It is important that Bharti Airtel is offering services to 370 million customers in 17 countries.
- After this acquisition, Airtel Rwanda will become the second largest telecom company in the country.
- The company has acquired operation of ‘Warid’ in Uganda and Congo ‘You Mobile’ in Kenya and ‘Milicom’ in Ghana.
Reference:
http://bit.ly/2lmR6Oz
https://economictimes.indiatimes.com/news/company/corporate-trends/bharti-airtel-signs-agreement-to-buy-millicoms-operations-in-rwanda/articleshow/62128734.cms