India's Essar buys stake in African telecom group
By: Reuters
India's Essar Global Ltd said on Friday a group firm had bought 49 percent of Johannesburg-based Econet Wireless International Ltd, which owns 70 percent of Kenya's third mobile operator Econet Wireless Kenya.
Financial terms were not disclosed.
Essar holds 33 percent in Vodafone Essar, India's third-largest mobile operator, in a joint venture with Britain's Vodafone.
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