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Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

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Airtel names Christian de Faria new CEO for Africa ops

Thursday - Aug 29, 2013, 12:30pm (GMT+5.5)
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Airtel names Christian de Faria new CEO for Africa opsNew Delhi - In a senior level rejig, Bharti Airtel appointed Christian de Faria as the new CEO for its African operations while Manoj Kohli, MD and CEO of international, will relocate to India. The appointment will be effective from January 1, 2014.

Faria was associated with Africa-based mobile telecommunications company MTN for the last seven years, where he held senior leadership positions including executive vicepresident and group commercial officer.

Kohli, who is in-charge of Africa, Bangladesh and Sri Lanka operations, is based in Airtel's Africa headquarters in Nairobi.

Faria will join Airtel Africa on September 16 and report to Kohli. He will immediately take charge of Anglophone operations and commence an orientation encompassing Airtel Africa functions, Francophone and Nigeria regions, the company said in a statement. Manoj has successfully embedded our business model and the Airtel brand in Africa, and will now provide governance oversight to the international operations and be involved with the group strategic matters," Bharti Airtel chairman Sunil Bharti Mittal said.

Kohli will look into the strategic issues such as inmarket consolidation, global partnerships and regulatory aspects along with leading the company's international operations.

"While continuing to lead Airtel's international operations... Manoj would also lead strategic issues such as in-market consolidation via M&A, key matters relating to towerco, global partnerships, global sourcing from key partners and strategic regulatory aspects," Airtel said.

Kohli will continue his position on the boards of Bharti Airtel International Netherlands BV and Airtel Networks Ltd, Nigeria.





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