New Delhi, Nov. 3: Bharti Airtel today said Zain Telecom, the company whose African business it had acquired for $10.7 billion six years ago, would pay around $129 million for the settlement of its various claims and disputes in Nigeria.

Zain is Kuwait's No.1 telecom operator by subscribers.

"Bharti Airtel International (Netherlands) BV and Zain Telecom have reached an agreement, pursuant to which Zain is to pay to Airtel approximately $129 million for the settlement of all Airtel's claims on account of the Nigeria litigation, certain tax matters and associated legal costs," Airtel said in a statement.

Under the terms of the 2010 share sale and purchase agreement, Zain had provided Airtel certain indemnities covering the Nigeria litigation and certain tax claims.

The payment will have no future financial impact on Zain as it had set aside provisions for potential payments related to the transaction at the time of the sale, a spokesperson for Zain said.

Zain has operations in eight countries in West Asia and Africa.

After acquiring Zain's telecom business, Airtel ran into dispute with Econet Wireless - a minority stakeholder in Zain Telecom.

Airtel lost a court case in Nigeria and faced $3 billion in payouts over a 5 per cent stake claimed by Econet Wireless in its Nigerian unit.

Airtel said a settlement had been reached with Econet Wireless.

"A separate settlement has been reached between Airtel and Econet Wireless Ltd settling all claims, disputes whatsoever, between the two including in Nigeria and Netherlands. With these settlements, Airtel has closed several ongoing major litigations in Nigeria, UK and Netherlands," Airtel said.

Meanwhile, Airtel today said it had so far given over 17,000 interconnection points, sufficient to serve 75 million customers, to Reliance Jio "well ahead of the time frame", but the newcomer contested the claims and charged the market leader of violating licence norms by providing only one-way ports.