PRESIDENT JOHN MAGUFULI, AIRTEL BOSS SPEAK OF HARD-BARGAINED DEAL

President John Magufuli looks on as Finance and Planning Minister, Philip Mpango receives a symbolic cheque for Sh3 billion from Bharti Airtel chairman Sunil Mittal at State House, Dar es Salaam, on Monday. The cash is compensation to the government after the two sides reached an agreement to settle a dispute over the ownership of Airtel Tanzania earlier this year.

The Government and India-based company struck a deal that came with a Sh5.27 billion paycheck.

Dar es Salaam - President John Magufuli and Bharti Airtel boss, Sunil Mittal have shed light into what they both described as tough negotiations for the ownership of the telecoms company, trading locally as Airtel Tanzania Limited.

President Magufuli and Mr. Mittal, who spoke at State House in Dar es Salaam on Monday, talked of the pressure from both sides to reach an agreement following a shareholding and profit sharing dispute.

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