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India’s Bharti Airtel has received approval from Bangladesh Telecommunication Regulatory Commission (BTRC) to buy a controlling 70% stake in Bangladesh’s Warid Telecom. The move comes after Indian company has pledged to invest $300 million on upgrading Warid’s network.
At the moment, Warid is owned by UAE-based Abu Dhabi Group, and some reports have suggested that the sale of the 70% stake could be for a negligible amount due to Warid’s tiny market share. In that sense, no party has confirmed that a purchase will take place.
According to analysis by the Mobile World, Warid Telecom ended last September with just 2.7 million customers, representing a marketshare of 5.3%.
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
