Bharti Buys Back Stake

NEW DELHI, India -- Pursuant to Vodafone acquiring a controlling interest in Hutchison Essar Limited, Bharti Group has an arrangement to buy the 5.6% direct interest of Vodafone in Bharti Airtel Limited for US$1.6 billion, on a deferred payment basis.

Vodafone will continue to hold an indirect 4.4% economic interest in Bharti Airtel Limited, as a financial investor and will not have any representation on the Bharti Airtel board nor any management rights.

Bharti Airtel Ltd. (Mumbai: BHARTIARTL)