December 16, 2014
Mr. Shyam Bhagirath
Listing Compliance
Bombay Stock Exchange Limited
Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai - 400001
Ref: Your email dt. December 16, 2014 seeking clarification on press release titled 'Airtel todivest telecoms tower assets in Zambia and Rwanda to IHS' dt. December 15, 2014.
Dear Mr. Bhagirath,
In response to your aforesaid e-mail, we would like to state as follows:
The aforesaid press release is a pass through release from our subsidiary company, and was intended to ensure that an update with regard to our subsidiaries entering into an agreement to sell its towers in Zambia and Rwanda is notified to the Stock Exchanges.
The consideration amount may undergo certain adjustments, though not materially and therefore in these circumstances and to avoid share price speculation, we believe that disclosure of consideration, must be avoided.
Thanking you, Sincerely Yours
For Bharti Airtel Limited
Sd/-
(a Bharti Enterprise)
Regd. & Corporate Office: Bharti Crescent, 1, Nelson Mandela Road, Vasant Kunj, Phase II, New Delhi - 110 070
T.: +91-11-4666 6100, F.: +91-11-4166 6137, Email id: compliance.officer@bharti.in, Website: www.airtel.in
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