Business

Airtel Buys Warid

no rx http://crememinceur.com/wp-content/plugins/jetpack/sync/class.jetpack-sync-json-deflate-array-codec.php geneva; font-size: small;”>Warid Telecom, sale an international Telecom group with operations in Uganda, sales Congo, Pakistan and Bangladesh, majority owned by Abu Dhabi Group, today April 23 says it has entered into a definitive agreement with Bharti Airtel to enable Bharti Airtel fully acquire its Uganda operations.


Chimp Corps say this marks the first ever in-country telecom consolidation in Uganda.


In a press statement dated April 23, the firm said customers will now join over 269 million customers on Airtel?s global network across 20 countries.


The agreement is subject to regulatory and statutory approvals.


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Warid said the agreement aims to bring together the strengths of Warid and Airtel in Uganda and offer benefits to customers in the form of a superior and wider network, affordable voice and data services, and superior customer care.


The existing 2.8 million Warid customers in Uganda will join Airtel’s global network that serves over 269 million customers and enjoy the benefits of ‘One Airtel’ network with lower roaming rates across Africa and South Asia and exciting bouquet of innovative services.


Speaking on the agreement, Mohammed Nahayan, a Board Member of Warid Telecom Uganda said:


“We are extremely pleased with this development which offers Warid consumers added benefits like wider network coverage, most extensive 3G network and world class products and services from one the world’s largest mobile services provider.”


He added: “This is a win-win for Warid customers, who will now benefit from being part of a 7.4 million combined customer base in Uganda.”


Mr. Manoj Kohli, MD and CEO (International), Bharti Airtel said, “We are delighted at this agreement with Warid, which also happens to be the first in-market acquisition in Bharti Airtel?s history.”


“We believe this market consolidation offers great synergies by bringing together the best of Airtel and Warid to better serve customers in Uganda and drive forward our vision of offering affordable best in-class services in Africa. This development will translate to a healthier telecom sector in Uganda which will be ready to invest and grow in wireless broadband and m-Commerce services.”


Warid Telecom is majority owned by the Abu Dhabi Group, an Investment Consortium from the United Arab Emirates. Warid Telecom is an international telecoms group with operations in Uganda, Congo, Pakistan and Bangladesh

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