After a Nigerian court ruled
that Bharti Airtel should return Econet Wireless’ 5% stake in Bharti
Airtel Nigeria, Bharti Airtel filed an appeal against the judgement.
“In light of the judgement by the Federal High Court of Nigeria
regarding Econet Wireless Limited’s claim to the ownership of 5 per cent
equity in Airtel Networks Ltd (Airtel Nigeria), an appeal against the
said judgement has been filed by Airtel Nigeria,” Bharti Airtel said in a
statement.
The company is confident that their appeal will be upheld, and added
that it has full faith in the law while the company will operate as
normal.
“In addition, the judgement will have no impact on the equity holding
of other shareholders in Airtel Nigeria. We wish to assure our
customers, employees and business partners that the ruling will in no
way affect our operations or the company’s ability to fulfill
obligations to its stakeholders,” a Bharti Airtel spokesperson said in
the statement.
