Telecom Lead Africa: Bharti Airtel is set to acquire Warid Telecom Uganda.
The 4th largest mobile services provider in the world did not disclose the financial details.
The in-market acquisition will enable Airtel to have market share of over 39 percent in Uganda.
Also, Airtel will look at consolidating its position as the second largest mobile operator in Uganda with a combined customer base of over 7.4 million.
Manoj Kohli, MD and CEO (International), Airtel, said: “This market consolidation offers 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.”
Airtel currently has 4.6 million customers in Uganda. The existing 2.8 million Warid customers in Uganda will join Airtel’s global network that serves over 269 million customers.
Warid customers in Uganda will also benefit from One Airtel network with lower roaming rates across Africa and South Asia.
Airtel is the largest telecom service provider across the African continent in terms of geographical reach and had over 62 million customers at the end of quarter ended December 31, 2012.
