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The Bharti Group has bought 4.99% stake in Bharti Airtel from Vodafone for about USD 1.4 billion, reports CNBC-TV18.
Bharti’s voting interest in Bharti Airtel is now over 50%.
Bharti Group had earlier sold 4.99% indirect stake in Airtel to Temasek.
Bharti, meanwhile, has awarded a USD 2 billion contract to Ericsson for expanding its telecom network. Under the contract, Ericsson will design, plan, deploy and manage Bharti's GSM network across 15 circles and its pre-paid platform across 23 circles in the country.
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