Bharti Airtel Ltd.

Bharti Airtel, a leading global telecommunications company with operations in 20 countries across Asia and Africa, has reportedly decided to acquire fresh license in Myanmar to spread its footprint in Asia. The company is already operational in Bangladesh and Sri Lanka.

Sunil Mittal-promoted Bharti Airtel has put in a bid for this license as Myanmar is offering two licenses to expand telecom coverage to as much as 80% of the country by 2016 and its 5.44 million mobile-phone subscribers as of last month amounted to just 9% penetration rate. The licenses will be issued by June and may last as long as 20 years with an option for renewal.