Tanzania Lays Ownership Claim to Bharti Airtel's Local Unit
- President says Indian-owned operations belong to state
- Government ordered phone companies to sell shares last year
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Tanzania said Bharti Airtel Ltd.’s local unit belongs to state-owned Tanzania Telecommunications Co., a claim that sets up an ownership dispute between the government and the Indian phone operator.
“Airtel, according to the information we have,” is an asset of Tanzania Telecommunications Co., President John Magufuli said on the East African country’s national broadcaster, TBC, on Wednesday. “A terrible game was played. I don’t want to say more than that.”