Indian billionaire Sunil Mittal closes $2.9 billion swap, locking in 79 percent of Airtel Africa
The Indian telecom group has settled the swap it announced in May, folding a 16.3 percent block of its African unit directly onto its books.
African telecoms
Sunil Mittal bets $2.9 billion that Africa is the next decade's biggest telecoms story
Bharti Airtel's board has approved a $2.9 billion share swap lifting founder Sunil Mittal's stake in Airtel Africa to 79%, with 90% the eventual target.