Airtel in talks with Orange over Africa unit sale

New Delhi, July 20 (IANS) Bharti Airtel International (Netherlands) announced on Monday that it has entered into exclusive talks with Orange for possible acquisition of its four subsidiaries in Africa.

“Orange and Bharti Airtel International (Netherlands) enter an exclusive agreement concerning four Airtel subsidiaries in Africa,” it said in a statement.

“Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel’s subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone. There is no certainty of any binding agreement as a result of these discussions,” it added.

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