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Vodafone sells its stake in Bharti Infotel for $200 million
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Vodafone Sells Its Stake In Bharti Infotel For $200 Million. Vodafone Group PLC (VOD.L) said on Thursday it sold its stake in telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million.
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Vodafone Group PLC (VOD.L) said on Thursday it sold its stake in telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million.
The stake represents about a 4.2 percent interest in the Indian mobile carrier Bharti Airtel, which is also a subsidiary of Bharti Enterprises.
The sale results from a directive by India's Department of Telecoms, which restricts any group from holding an interest in more than one licensee company in the same service area.
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