Essar seeking majority stake in Warid

4 Aug 2009

India’s The Economic Times claims that the Essar Group is seeking to merge its telecoms licence in Uganda with the operations of Warid Telecom. Warid, owned by the UAE-based Dhabi Group, launched GSM wireless services in February 2008 and now boasts a subscriber base of around 1.7 million. Essar, which bagged a Ugandan wireless network operator concession in June 2009, wants to combine forces with Warid and take a majority stake in the merged entity. The newspaper report also suggests that Essar is planning a similar tie-up with Warid in the Republic of Congo.

Congo, Rep., Uganda, Warid Congo, Warid Telecom Uganda