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Vodafone sells its stake in Bharti Infotel for $200 million

Published 28/05/2015, 19:00
© Reuters. Man speaks on his mobile phone as he walks past the logos of Vodafone painted on a roadside wall in Kolkata
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(Reuters) - Vodafone Group PLC (L:VOD) said on Thursday it sold its stake in Indian telecom infrastructure firm Bharti Infotel to its holding company Bharti Enterprises for $200 million (131 million pounds).

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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