NEW DELHI (Reuters) - Bharti Airtel(BRTI.NS) said it would buy the entire equity stake of Alcatel-Lucent SA(ALUA.PA) in a joint venture company that manages the fixed-line and broadband networks for India's top telecommunications carrier.
The companies did not give any financial detail in a joint statement.
Bharti Airtel said the entity would operate independently and going forward it would invite other telecommunications operators for equity participation and bring the management of their broadband and fixed-line networks under the entity.
(Reporting by Devidutta Tripathy; Editing by Anand Basu)
Trending On Reuters
The death toll from Nepal's earthquake could reach 10,000, the prime minister Sushil Koirala said, as residents frustrated by the government's slow response used their bare hands to dig for signs of their loved ones. Full Article | Pictures