Bharti Airtel has entered an agreement with French based mobile operator, Orange to sell its operations in four countries – Burkina Faso, Chad, Congo Brazzaville and Sierra Leone.
According to a statement from the company; “Orange and Bharti Airtel International (Netherlands) BV (Airtel) enter an exclusive agreement concerning four Airtel subsidiaries in Africa.” However it also says that there is no certainty of any binding agreement as a result of these discussions.
This means that Airtel will now have operations in 13 countries after this sale.
Airtel, recently completed the sale of mobile towers in five African nations for US $1.3 billion and it is in the process of selling its tower assets in six others.
Bharti Airtel acquired Zain Telecom assets in Africa in 2010 at about $10.7 billion. Bharti Airtel is the third largest mobile operator in the world by subscribers.
