MoneyWorks4Me

Bharti Airtel’s Singapore arm to acquire remaining 30% stake in Airtel Bangladesh

02 May 2013 Evaluate

Bharti Airtel’s - wholly owned subsidiary - Bharti Airtel Holdings (Singapore) and Warid Group have reached an agreement, wherein, Bharti Airtel Holdings will acquire 30% equity stake of Warid in Airtel Bangladesh. With this, Bharti Airtel Holdings will own 100% of Airtel Bangladesh. Bharti Airtel Holdings had acquired 70% stake in Warid Telecom, Bangladesh in January 2010.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.

Peers
Company Name CMP
Bharti Airtel 1872.75
Vodafone Idea 12.34
Indus Towers 380.40
Tata Communications 1718.55
Railtel Corp. India 250.05
View more..