Mporipori
Member
- Nov 22, 2010
- 44
- 0
Nimeipata hii wakuu..
The Tanzanian government is arguing that Zain's decision to sell its Tanzanian subsidiary to Bharti Airtel has violated an agreement between Zain and the Tanzania Telecommunication Co. (TTCL). Zain brought a 35% stake in TTCL over five years ago and had recently agreed to sell that stake back to the government.
The government is understood to be trying to build a profitable state-owned telecoms company and would like to own both a landline and mobile network.
Although Zain has completed the US$10.7 billion sale of its African assets to Bharti Airtel, it is reported that the Tanzania Communication Regulatory Authority (TCRA) has not formally granted permission for the sale of the local subsidiary.
The Tanzanian government is arguing that Zain's decision to sell its Tanzanian subsidiary to Bharti Airtel has violated an agreement between Zain and the Tanzania Telecommunication Co. (TTCL). Zain brought a 35% stake in TTCL over five years ago and had recently agreed to sell that stake back to the government.
The government is understood to be trying to build a profitable state-owned telecoms company and would like to own both a landline and mobile network.
Although Zain has completed the US$10.7 billion sale of its African assets to Bharti Airtel, it is reported that the Tanzania Communication Regulatory Authority (TCRA) has not formally granted permission for the sale of the local subsidiary.
