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Econet Requests $3.1 Billion Damages From Airtel - Technology Market - Nairaland

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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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