The company had opposed Zain's decision to sell the Nigerian business to Bharti Airtel, claiming its right of first refusal. Zain, however, went ahead to sell its African mobile business including Nigeria to Bharti in 2010 for $10.7 billion. According to the summary of the judgement delivered by the Justice Shuaib, Econet is a shareholder of Bharti Airtel Nigeria Limited and holds five per cent of the issued shares of the company. The Court, therefore, ordered that all actions, and resolutions taken by the company, since October 2003, at which Econet was entitled to be notified, and to participate in, as a shareholder, but was prohibited, were null and void This, according to the court, includes decisions to sell shares, issue shares, and transfer shares to third parties. Airtel Networks Limited has filed an appeal against the Federal High Court ruling which ordered it to restore the interest of Econet Wireless Limited (EWL) in the company.