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Bharti Airtel Will Pay Tanzania $26.2 Million to Settle Ownership Dispute

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  • Company to pay the state 60 billion shillings in 5 years
  • Government to receive special dividend at end of this year

Bharti Airtel Ltd. will pay the Tanzanian government 60 billion shillings ($26.2 million) over a period of five years to settle an ownership dispute.

The company will pay to the government 1 billion shillings every month for sixty months starting April 2019, Chairman Sunil Mittal said at a briefing in Tanzania’s commercial hub, Dar es Salaam. The company will also pay the government a special divided at end of this year, Mittal said without mentioning the amount.