Airtel welcomes Vodafone's acquisition of Hutch Essar
New Delhi, Feb 12: Welcoming Vodafone's acquistion of Hutchison Essar, Chairman and Managing Director, Bharti Airtel Limited, Sunil Bharti Mittal has said they have entered into a comprehensive memorandum of understanding (MoU) on a range of significant areas including infrastructure sharing, roaming and long distance services.
Meanwhile, Vodafone would sell a 5.6 per cent stake in Bharti Airtel to Bharti for 1.6 billion dollars, a company statement issued here late last night said.
Bharti Airtel will be preferred vendor of Vodafone for NLD, ILD and leased line services and Vodafone will also give 50 per cent of its in-bound international roaming traffic to Bharti Airtel for three years, the statement added.
The
two
companies
will
also
work
on
a
comprehensive
range
of
significant
infrastructure
sharing
options
including
around
70,000
towers
in
India,
enabling
rapid
network
expansion
to
connect
sub-urban
and
rural
areas
across
India.
UNI
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