BHARTI AIRTEL LTD. - Airtel Networks Kenya Limited signs agreement to acquire its over 2.7 million subscribers of yuMobile

With reference to earlier announcement dated March 04, 2014 regarding Media Statement. Bharti Airtel Ltd has now informed BSE that, consequent upon approval from the Communication Authority (CA) of Kenya, Airtel Networks Kenya Limited (Airtel Kenya); a wholly owned subsidiary of Bharti Airtel International Netherlands BV has signed a definitive agreement with Essar Telecommunications Kenya Limited, which operates under the brand name yuMobile, to acquire its over 2.7 million subscribers.<br/><br/>This transaction is subject to approval from Competition Authority of Kenya (CAK) and is likely to be concluded by fourth quarter of 2014.