IBNLive.com: Breaking news from India

GOING BIG: Warid Telecom is Bharti Airtel's first international buyout.

GOING BIG: Warid Telecom is Bharti Airtel

Bharti Airtel acquires Bangladesh's Warid Telecom

Sunil Mittal-owned Bharti Airtel today said it will acquire 70 per cent stake in Warid Telecom of Bangladesh for $300 mn (about Rs 1,363 crore). Warid Telecom, a wholly-owned subsidiary of the Dhabi Group, offers mobile telecom services with a user base of over 2.9 million in Bangladesh. This is Bharti's first international buyout after it failed to clinch multi-billion dollar deal with South Africa's MTN last year.

About Us | Disclaimer | Careers @ IBN | RSS | Podcast | Contact Us | Feedback | Advertise With Us

© 2008 IBNLive.com India. All Rights Reserved. A Web18 Venture