Bharti-Warid deal gets regulatory nod

Nicole McCormick
05 Jan 2010

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.


No Comments Yet! Be the first to share what you think!

This website uses cookies

This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.