India-based Essar Group has decided to purchase a majority stake in UAE's Dhabi Group's telecom businesses in African nations Uganda and Congo.

In an annoucement, Essar said that Dhabi's telecommunications assets, Warid Telecom Uganda and Warid Congo SA, possessed an enterprise value of USD 318 million.

Essar Group already provides mobile facilities in Kenya under the 'yu' brand through its unit, Essar Telecom Kenya Holdings Ltd. Essar Group is Vodafone's cooperator in India's No. 3 mobile firm, Vodafone Essar.

It possesses 33% equity stake in Vodafone Essar as well as an equity stake of less than 10% in another Indian telecoms firm, Loop Mobile. The Dhabi Group is having business interests in financial facilities, telecommunications as well as real estate.