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Bharti Airtel Acquires Warid Telecom Operations In Uganda

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Posted April 24, 2013 by Ugandan Diaspora News Team in Business ~ 2,733 views

     

For Immediate release — Warid enters into a definitive agreement for acquisition of its Uganda Telecom Operations by Airtel Will combine the strengths of two entities to serve over 7.4 million mobile customers in Uganda with world-class and affordable services

  •  Customers to enjoy wider network coverage and distribution reach as well as innovative products & services.
  •  Existing Warid Uganda customers will join over 269 million customers on Airtel‟s global network across 20 countries and enjoy the benefits of a superior network, international roaming, and high quality 3G speed
  • This marks the first ever in-country telecom consolidation in Uganda.

Abu Dhabi /Kampala, April 23, 2013:

Warid Telecom, an international Telecom group with operations in Uganda, Congo, Pakistan and Bangladesh, majority owned by Abu Dhabi Group, today said that it has entered into a definitive agreement with Bharti Airtel to enable Bharti Airtel fully acquire its Uganda operations. With this Warid Uganda 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.

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 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.

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.” Speaking on the agreement, 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 & grow in wireless broadband & mCommerce services”.

About Warid telecom

Warid Telecom Uganda is an Integrated Telecom Operator which covers majority of the Uganda‟s population providing voice, data – both fixed and mobile using 3G/EDGE
technologies, info-entertainment services and mobile money. 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

For any queries contact:
Mark Odeke
Mark.Odeke@hkstrategies.co.ug


About the Author

Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

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