Airtel to pay Tanzania $26.2 million to settle ownership row

Bharti Airtel will pay the Tanzanian government $26.2 million over five years to settle an ownership dispute, Chairman Sunil Mittal said. It will also pay the government a special dividend at year-end. This is part of a deal where Bharti agreed to reduce stake in Airtel Tanzania to 51% from 60%, boosting the state's ownership of the company to 49%.