Airtel fined $3 billion lawsuit in Nigeria court case

 Airtel fined $3 billion lawsuit

New Delhi, February 21, Sandeep Rajput: The country’s largest telecom operator Bharti Airtel has taken a heavy on Africa. The company has lost a lawsuit in Nigeria. In this case, the company may have to pay three billion dollars.

Econet Wireless of five per cent stake in Airtel’s Nigerian unit, the court upheld the claim. Bharti Airtel says that it will appeal the case to the Supreme Court of Nigeria. Airtel in Lagos Nigerian unit of the appellate court in its judgment said Econet wireless partner is authentic. In this case Econet charged $3 billion in damages from Airtel.

In 2012-13, 30% of the continent had revenues from the same country. The company said that we have full faith in the law of the land. We hope that the Supreme Court will decide the case on merit.

Posted by on February 21, 2014. Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.