The Mittals of Bharti Airtel have clarified that there is no change in their three agreements with Vodafone on roaming, long-distance services and sharing of infrastructure.
The clarification comes a day after Vodafone signed a shareholders' agreement with the Essar group.
Vodafone bought the 52 per cent equity stake held by Hong-Kong-based Hutchison Whampoa in Vodafone Essar Ltd (formerly Hutchison-Essar Ltd).
Questions about Vodafone's agreements with Bharti were raised because Essar also holds long-distance licences through Essar Global, and a tower infrastructure company through Essar Infrastructure. Both companies have been assured some part of Vodafone-Essar's business.
Further, Ravi Ruia, vice-chairman of Essar, and Arun Sarin, CEO of Vodafone, had said yesterday that the Bharti agreement was subject to Vodafone-Essar board's ratification. Vodafone has six representatives on the 12-member board.
Meanwhile, Sunil Bharti Mittal will stop looking after the day-to-day functioning ofBharti Airtel from April 1, 2007. He will hand over charge to Manoj Kohli.
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