Airtel to buy Warid’s 30% stake in Airtel Bangladesh

Telecom Lead Asia: Airtel will increase its stake in Airtel Bangladesh to 100 percent from the present 70 percent.

Airtel Bangladesh has 7.472 million mobile users in Bangladesh against market leader Grameen Phone’s 41.79 million.

Bharti Airtel announced an agreement with Warid to buy the latter’s 30 percent stake in Airtel Bangladesh.

The company did not share financial details.

Bangladesh has 99.871 million mobile phone users in March 2013.

Bharti had acquired 70 percent stake in Warid Telecom, Bangladesh in January 2010.

Recently, Bharti Airtel acquired Warid Telecom Uganda. The acquisition was part of Airtel’s plans to consolidate its position as the second largest mobile operator in Uganda with a combined customer base of over 7.4 million.


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