A bid by Indian telecoms giant Bharti Airtel to purchase Bangladesh’s fourth largest mobile phone operator Warid has been approved, regulators have said.
The Abu Dhabi-based Dhabi Group, which fully owns Warid Telecom, last month sought approval from the Bangladesh Telecommunications Regulatory Commission for the sale of a 70 per cent stake in Warid.
“The commission has given the go-ahead to transfer (Dhabi Group’s) Warid telecom shares to Bharti Airtel,” the director general of BTRC, Ahsan Habib, said today.
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