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Bharti to buy Bangladesh mobile operator
New Delhi/Dhaka, Dec 16 (PTI) Telecom giant Bharti Airtel is set to buy the majority stake in Bangladesh's fourth largest mobile phone operator Warid from its Abu Dhabi-based owners.
Reports emanating from Dhaka said the Dhabi Group, which fully owns Warid, has sought approval from the Bangladesh Telecommunications Regulatory Commission (BTRC) for the sale.
"The Dhabi Group informed us on Sunday that it would sell 70 percent of Warid Telecom shares to Bharti Airtel. We have sought more papers and the copy of the MoU between the two companies," BTRC Chairman Zia Ahmed told AFP.
Meanwhile in New Delhi, Bharti Enterprises Deputy Group CEO and Managing Director Akhil Gupta told reporters that the company is "interested in Bangladesh because we have an interest in countries in the SAARC (South Asian Association for Regional Cooperation) region".
In Sri Lanka, another Saarc country, the company is already offering mobile services.
New Delhi/Dhaka, Dec 16 (PTI) Telecom giant Bharti Airtel is set to buy the majority stake in Bangladesh's fourth largest mobile phone operator Warid from its Abu Dhabi-based owners.
Reports emanating from Dhaka said the Dhabi Group, which fully owns Warid, has sought approval from the Bangladesh Telecommunications Regulatory Commission (BTRC) for the sale.
"The Dhabi Group informed us on Sunday that it would sell 70 percent of Warid Telecom shares to Bharti Airtel. We have sought more papers and the copy of the MoU between the two companies," BTRC Chairman Zia Ahmed told AFP.
Meanwhile in New Delhi, Bharti Enterprises Deputy Group CEO and Managing Director Akhil Gupta told reporters that the company is "interested in Bangladesh because we have an interest in countries in the SAARC (South Asian Association for Regional Cooperation) region".
In Sri Lanka, another Saarc country, the company is already offering mobile services.
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