Court dismisses Bharti appeal


Image: By BiztechAfrica
Court dismisses Bharti appeal

The Federal High Court of Nigeria has dismissed Bharti Airtel’s application for a stay preventing a decision in favour of Econet Wireless.

Bharti sought the stay to prevent Econet Wireless from enforcing its rights pending Bharti’s appeal of a ruling handed down in January 2012. In the earlier judgment, the court ruled that Econet Wireless is entitled to a 5% shareholding in Econet Wireless Nigeria Limited (“EWNL”) and its share certificates must be re-issued.

The court said as a shareholder, Econet Wireless had a right to participate in all decisions which required shareholder approval. Consequently, all resolutions passed since October 2003 by shareholder agreement in which Econet was not invited to participate, are null and void and must be reversed.

The change to the name of the Company to Bharti Airtel Nigeria was also found to be irregular, null and void and must be reversed to rename the Company EWNL.

Econet Wireless says it will seek to implement the ruling without delay and to continue its work to ensure its rights under the law are upheld.

Meanwhile in Nigeria, the High Court in Lagos has set the date of 4 June to hear another injunction application by Bharti Airtel which has been filed and seeks to prevent an international arbitral process from assessing the amount of equitable compensation and damages due to Econet Wireless. 

Share the News

Get Daily Newsletter

comments powered by Disqus


MTN Business completes Hybrid Cloud offering with Microsoft Azure ExpressRoute

MTN Business has taken another step in moving African enterprises closer to accessing cloud services, with the announcement that it will offer Microsoft Azure ExpressRoute to its clientele. Read More

MTN bags prestigious international award

MTN has joined an elite group of household brands such as Apple and Coca Cola after being voted the Brand of the Year in the telecommunications category at the World Branding Awards in London, United Kingdom. Read More

MTN Uganda slashes call rates

MTN Uganda may have fired the first salvo in a new price war in Uganda’s telecoms sector, with its reduction of calling rates across all networks by over 40 percent.  Read More

Airtel, Liquid Telecom in pan-African fibre deal

Airtel will use Liquid Telecom's terrestrial fibre network to connect its mobile base stations and enterprises. Read More

Smile, Samsung strike VOLTE deal in Nigeria

Smile Communications Nigeria Limited has partnered with Samsung Electronics West Africa to launch the first LTE compliant smartphone in Nigeria.  Read More

MTN group selects Ericsson Order to Cash Suite

MTN has signed a multi-year agreement with Ericsson to implement, support and manage Ericsson's Order to Cash suite. This solution enables MTN to standardize the customer experience of its products and services in all the markets it is operational. Read More

Hajj pilgrims commend MTN’s free incoming calls in Saudi

Pilgrims embarking on the 2015 Hajj have commended MTN Nigeria for offering free incoming calls while roaming in Saudi Arabia. This is in addition to special discounted rates for calls and data services. Read More

Gottfried Odamtten-Sowah appointed Tigo Business Director

To further strengthen its cutting-edge solutions to business customers and empower Small and Medium Enterprises (SMEs) to grow, Tigo Ghana has appointed Gottfried Odamtten-Sowah as the Director of Tigo Business.  Read More

UC drives SME growth: Vodacom

Emeka Mba; Adam Thompson and Wale Odeyemi Vodacom Business Nigeria says unified communications can simplify and enhance communications for small and medium scale enterprises (SMEs).  Read More

Airtel sponsors the Commonwealth Telecommunications Organisation Forum 2015

Bharti Airtel is the gold sponsor of the Commonwealth Telecommunications Organisation (CTO) Forum 2015, taking place next week at the Safari Park Hotel in Nairobi, Kenya. Read More


Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika


Connectivity critical for Nigeria's ICT sector, says SES chiefConnectivity critical for Nigeria's ICT sector, says SES chief

Connectivity is vital for any country to fully optimise the huge potential of cyberspace, SES Sales Manager for West Africa Joy Nma Emenike tells Kokumo Goodie.


High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.


Luba Freeport streamlines its sea of paper with Sage X3

Luba Freeport has implemented the Finance and Distribution modules of the Sage X3 business management solution to automate its business processes across finance and operations.