Bharti Airtel confirms purchase of Warid Congo

15 Nov 2013

TMT Finance reports that Bharti Airtel has entered into a definitive agreement to purchase Warid Telecom’s subsidiary in the Republic of Congo. The deal is believed to be worth approximately USD80 million. According to TeleGeography’s GlobalComms Database, Warid Congo is the country’s third largest wireless operator by subscribers with 798,000 users at the end of June 2013, equivalent to a market share of 17.7% at that date. Bharti already owns the second largest operator by subscribers, Airtel Congo, and once the purchase is complete, the combined operations will leapfrog MTN Congo as the largest player in the market. Warid International, which is wholly owned by UAE-based Abu Dhabi Group, is said to have been looking to divest its Congo operations for some time, with previous efforts to sell the unit to India’s Essar Group falling through in June 2011; the deal was called off with Essar citing difficulty in getting regulatory clearance.

Congo, Rep., Airtel Congo, Bharti Airtel, Warid Congo