Bharti Airtel to pay fine, cancels $407m debt to settle dispute in Tanzania
10 June 2019 - 22:54
Dar es Salaam — India’s Bharti Airtel has agreed to pay 60-billion shillings ($26m) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday.
Tanzania’s minister for foreign affairs and East Africa cooperation, Palamagamba Kabudi, announced the deal at a ceremony to receive a three-month batch of monthly payments worth 1-billion shillings...
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