MobilePhone.co.in

Bharti Airtel has recently stated that they will buy 100% stake in Telecom Seychelles for an amount of $62 million which is around Rs.288 crore. Some time ago, Bharti had also acquired the assets in Zain Telecom of Africa for $10.7 billion and this recent acquisition shows the continuing interest of the company to spread itself in the International market.

The CEO (International) and Joint MD of Bharti Airtel, Manoj Kohli stated that the company has approved the deal of acquisition and he also stated that “We are delighted at the addition of Seychelles to our Africa portfolio. Telecom Seychelles has world-class operations that include state-of-the art 3G services. These operations will benefit further by leveraging the efficiencies of scale of our African operations.”

With this deal with Telecom Seychelles now Bharti Airtel will be able to expand its footprint in Africa in 16 countries and will have total presence in 19 nations.