Bharti Airtel shareholders approve stake increase in Airtel Africa

Shareholders' strong backing, including public and institutional investors, reflects confidence in the strategic merits of the transaction and its potential for long-term value creation, according to the company. Bharti Airtel views Airtel Africa as a key growth platform and believes the move will simplify the group's shareholding structure, improve transparency, and strengthen capital efficiency.

Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, stated that Airtel Africa is central to the company's growth strategy and is well-positioned for robust performance. He added that the share swap structure preserves capital strength for core operations and future growth ambitions, with significant potential for long-term shareholder value creation in Africa. The transaction is subject to regulatory approvals before completion.