Mobile phone operator Bharti Airtel has announced that it has entered into an agreement to buy out Abu Dhabi Group’s Warid Telecom Uganda LLC
The deal is expected to help expand Airtel’s customer base in Uganda by around 60 per cent, the company said.
Airtel will increase its subscriber base to 7.4mn, from its current 4.6mn.
Commenting on the new deal, managing director and chief executive officer at Bharti Airtel, Manoj Kohli, said, “This 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."
