Bharti-Warid deal gets regulatory nod

Nicole McCormick
05 Jan 2010
00:00

According to The Daily Star, Warid’s controlling investor the Abu Dhabi Group has not invested in its Bangladeshi business for some time and is seeking a partner to inject funds for expansion.
Under local law, Bharti must pay 5% of the purchase price it pays for Warid to the BTRC.
According to the regulator, Warid had 2.92 million active mobile subscriptions at end-November. Market leader Telenor-backed Grameen Phone had 22.8 million customers, followed by Orascom-owned Banglalink and Axiata Bangladesh with 13 million subs and 8.9 million subs respectively.

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