The Citizen newspaper writes that the deputy minister for Communication, Science and Technology, Mr Charles Kitwanga, has told the National Assembly that the government holds a 40% stake in local mobile network operator Airtel Tanzania (formerly Zain Tanzania). He went on to say that the remaining 60% of shares belong to Celtel Tanzania BV – an affiliate of Zain Africa BV which was acquired by Bharti Airtel International (Netherlands) in November 2010. Explaining the situation, Kitwanga said that India-based Bharti Group did not acquire ‘government invested shares’ when it struck a deal to buy the cellco several years ago.
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OVETEL Government confirms 40% stake in Airtel Tanzania
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