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Nairaland Forum / Science/Technology / Technology Market / Econet Requests $3.1 Billion Damages From Airtel (617 Views)
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Econet Requests $3.1 Billion Damages From Airtel by thenewsman: 9:38am On Feb 23, 2012 |
A court ruling had earlier declared Airtel's ownership as "null and void" Econet wireless has filed a suit requesting for damages from Bharti Airtel to the tune of $3.1 billion. Econet has been challenging Bharti's Airtel ownership of Airtel Nigeria claiming that its 5 per cent stake, as a co-founder, was unfairly cancelled when Zain took control, so any decision made since then without it, including the transfer to Bharti, is void. This claim has been upheld by a court ruling on January 30 which declared Bharti Airtel's ownership of its subsidiary Airtel Nigeria as "null and void". Read More: http://dailytimes.com.ng/article/econet-requests-31-billion-damages-airtel ![]() |
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