Telco: India’s Bharti Enterprises acquires 25% stake in Mauritius’ Emtel
Indian telecommunications major Bharti Enterprises is bringing its expertise and experience to Mauritius through its investment in Mauritian telecommunications major Emtel Ltd upon an agreement entered by Currimjee Jeewanjee & Company Ltd.(Image:vertex-us.com )
India’s leading telecommunication player Bharti Enterprises Ltd has acquired 25% stake in Emtel Ltd, a Mauritian telecommunications major, upon an agreement entered by Currimjee Jeewanjee & Company Limited (CJ).
CJ carries out activities in telecommunications, media and information technology, real estate, tourism, energy, food and beverages as well as household and personal care products.
Emtel Ltd, a one-stop-shop for ICT solutions offering a wide range of products and services in Mauritius, falls under the aegis of CJ in its telecommunication cluster where it has just announced a strategic agreement with Bharti Enterprises.
Under the agreement, Bharti will acquire a 25% stake in Emtel and Emtel will thus benefit from Bhartiâ€™s expertise and experience in the telecommunications sector. This is expected to improve the efficiency and competence level of the company to allow it to remain competitive, and will also enable Emtel to continue to cater for the ever growing and ever changing needs of Mauritian customers.
It is to be noted that Emtel, the first mobile operator in the Southern Hemisphere, was a founding partner of Bharti Airtel, a Bharti Enterprises group company, in 1995 and thus this relationship dates back to 1992.
Upon this new partnership, the board of directors of Emtel will henceforth include additional Directors from both Bharti and CJ.
This partnership is in line with CJâ€™s strategy which aims at associating itself with international established players who are leaders in their fields, as well as with its development plan in the telecom space.
About Bharti Enterprises
Bharti has been a pioneering force in the Indian telecom sector with many firsts and innovations to its credit. Bharti Airtel Limited, the group’s flagship company, is a leading global telecommunications company with operations in 20 countries across Asia and Africa. The Company ranks amongst the top four mobile service providers globally in terms of subscribers.
On 29th May 1989, Emtel Ltd became the first mobile telephony operation in the Southern Hemisphere. From a mobile company, Emtelâ€™s innovations include the first 3G in Africa in 2004. Today with 4G and FTTB services it is one of the most technologically advanced operators in Africa and also offers international connectivity solutions via undersea Fibre cables and a state of the art Tier 3 Data Centre.