Bharti to acquire 70pc of Warid Bangladesh

Bharti to acquire 70pc of Warid Bangladesh
India’s Bharti Airtel said yesterday it has agreed to buy 70 per cent of Bangladesh’s Warid Telecom in its first overseas acquisition after a failed attempt for a US$24 billion (US$1 = RM3.35) deal with South Africa’s MTN. The top Indian mobile operator will make a fresh investment of US$300 million in Warid and will have management and board control of the company.

Source: Business Times (Malaysia)