Dhabi Group, an investment company owned by members of the Abu Dhabi Royal Family, has sold a majority stake in its two largest African telecommunications networks.
The stake is being bought by the Essar Group of India. The two companies did not disclose the price, but said the networks, in the Republic of Congo and Uganda, were worth US$318 million (Dh1.16 billion).
Dhabi Group’s Warid Telecom subsidiary built and operated the networks after acquiring telecommunications licences in each country.
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