Dar Es Salaam, Jan. 15 -- The government of Tanzania and Bharti Airtel Limited on Tuesday signed an agreement including raising the East African nation's shareholding in the mobile phone operator to 49 percent from 40 percent.
A statement issued by the Directorate of Presidential Communication at State House in the commercial capital Dar es Salaam said the agreement was signed between Tanzania's Minister for Justice and Constitutional Affairs, Palamagamba Kabudi and Bharti Airtel Chairman Sunil Mittal and witnessed by President John Magufuli.
Before the agreement, the global telecommunication company owned shareholding of 60 percent.
The statement said Bharti Airtel has also agreed to give dividends to the government of Tanzania to...