It&#39;s Zambia, not Zimbabwe (as far as I know, Airtel have no operations in Zimbabwe) and so far, the Lusaka stock exchange has objected to these plans. <br><br>The bottom line is, though, whether and under what circumstances a delisting is possible in Zambia. It&#39;s irrelevant whether that&#39;s Airtel or anyone else. The regulatory framework must treat all listed companies equally. <br>
<br>If Airtel delist, they will try to buy back the shares - an initially 
offer has been rejected by the minority shareholders: 
<a href="http://www.bloomberg.com/news/2010-12-30/minority-shareholders-may-stall-bharti-airtel-s-delisting-of-zambian-unit.html">http://www.bloomberg.com/news/2010-12-30/minority-shareholders-may-stall-bharti-airtel-s-delisting-of-zambian-unit.html</a>. This article also tells you that Bharti now own 97% of the Zambian Airtel, so there&#39;s hardly any mass retail share ownership and not that many &#39;common&#39; Zimbabweans (or rather Zambians) who &#39;benefit&#39; from the listed company are the shareholders and who have contributed to the company&#39;s pofits in any tangible way by being clients. <br>
<br>More generally, you might want to check out the percentage of any listed company owned by institutional investors and whether the exchange allows foreign investment - in that case, there&#39;s probably a number of shareholders that actually contributed nothing to the company&#39;s profits either. <br>
<br><br><div class="gmail_quote">On 18 February 2011 08:20, robert yawe <span dir="ltr">&lt;<a href="mailto:robertyawe@yahoo.co.uk">robertyawe@yahoo.co.uk</a>&gt;</span> wrote:<br><blockquote class="gmail_quote" style="margin: 0pt 0pt 0pt 0.8ex; border-left: 1px solid rgb(204, 204, 204); padding-left: 1ex;">
<div><div style="font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;"><div style="color: black; font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;">
</div><div style="color: black; font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;">Airtel are in the process of having Celtel Zimbabwe de-listed from the Zimbabwe stock exchange, this might not seem like much but in reality it is a reflection of Airtels profit sharing strategy.</div>
<div style="color: black; font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;"><br></div><div><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">The effect of this action is that the common Zimbabweans will not benefit from the profits of the company even though they will have been generated locally.  Instead the
 government of Mugabe will receive large volumes of money through corporate tax.</font></div><div><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif"><br></font></div><div><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3"></font><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif">Lets appreciate the fact that Safaricom at least allows us to share in their profits through dividend as shareholders.  </font></div>
<div><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif"><br></font></div><div><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif">Regards<br></font><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3"> </font></div>
<font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">Robert Yawe</font><br><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">KAY System Technologies Ltd</font><br>
<font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">Phoenix House, 6th Floor</font><br><font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">P O Box 55806 Nairobi, 00200</font><br>
<font face="&#39;times new roman&#39;, &#39;new york&#39;, times, serif" size="3">Kenya</font><br><br><div style="color: black; font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;">Tel: +254722511225, +254202010696<div>
<br></div></div><div style="color: black; font-family: &#39;times new roman&#39;,&#39;new york&#39;,times,serif; font-size: 12pt;"></div>


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