Bharti to Raise Airtel Africa Stake in $2.9 Billion Stock Swap

Bharti to Raise Airtel Africa Stake in $2.9 Billion Stock Swap

Bharti Airtel Ltd. approved a plan to bolster its stake in its UK-listed African subsidiary through a $2.9 billion stock swap, a move which India’s No. 2 wireless operator expects will boost earnings per share.

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