Bharti Airtel to acquire Warid Telecom Uganda

It,however,did not reveal financial details of the deal.

8220;8230; it has entered into a definitive agreement with the Warid Group to fully acquire Warid Telecom Uganda8230;the agreement is subject to regulatory and statutory approvals,8221; the statement said.

After the acquisition,Airtel will further consolidate its position as the second largest mobile operator in Uganda with a combined customer base of over 7.4 million and market share of over 39 per cent,it added.

Bharti Airtel,the country8217;s largest mobile telecom operator,had made a foray into the African region in 2010 by acquiring Zain Telecom8217;s operations in 15 countries of that

region. Now,it has operations in 17 African countries,including Nigeria and Uganda.

In 2010 too,the company had acquired 70 per cent stake in Warid Telecom Bangladesh.

8220;We are delighted at this agreement with Warid,which also happens to be the first in-market acquisition in Bharti Airtel8217;s history. We believe this market consolidation offers great synergies by bringing together the best of Airtel and Warid to better serve customers in Uganda,8221; Bharti Airtel MD and CEO International Manoj Kohli said.

8220;We are extremely pleased with this development,which offers Warid consumers added benefits like wider network coverage,most extensive 3G network and world class products and services from one of the world8217;s largest mobile services provider,8221; Warid Uganda Board Member Mohammed Nahayan said.

Curated For You

Dhurandhar Box Office Collection Worldwide Day 17 Update: Ranveer Singh is 2025s highest earning Indian film worldwide, storms past Kantara Chapter 1 with Rs 857 cr

Burger from outside and salad from inside: Psychologist explains why clean version of junk food gives satisfaction to many, including Kartik Aaryan and Ananya Panday

PM Modi says Congress would have let Assam go to East Pakistan: What was the 1946 plan; what Nehru, Gandhi said then