Published 5/22/2026, 4:27:02 AM · Updated 5/22/2026, 4:52:07 AMBy TheBriefWire Editorial Team
Key points
A man uses his phone as he passes by a signage of Airtel at the India Mobile Congress 2025 in Delhi, India, on October 11, 2025. (Photo by Kabir Jhangiani/NurPhoto via Getty Images) India's second-largest telecom company, Bharti Airtel, is doubling down on its Africa and U.K. bets, joining a growing number of companies from the South Asian country that are looking to expand their global footprints.
Bharti Airtel on Thursday sought shareholders' approval to increase its stake in the U.K-listed Airtel Africa to 79% from around 62.7% in a cashless share-swap deal, worth 282.22 billion rupees ($2.9 billion), the Indian firm said in an exchange filing.
Africa is a "high-growth potential" market for the Indian company and accounts for over a quarter of Bharti Airtel's consolidated revenue in the financial year ending March 2026, it added.
Bharti is also seeking to raise its stake in British multinational telecommunications firm...