Tuesday 5 November 2013

Bharti Airtel in talks to acquire Warid Group’s telecom business

Bharti Airtel is in talks to acquire Warid Group’s telecom business in Congo, according to reports.
Report said that the talks are at an advanced stage and the deal may be announced in the next one month.
Warid Group is looking to sell stake in its Congo operations for a while now.
The deal size was estimated to be around $100 mn, says report.
Earlier in April, Bharti Airtel had announced that it will buy out Warid Group’s telecom business in Uganda as part of its strategy to increase penetration in Africa.

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