Bharti Airtel, India’s leading telecom operator has agreed to acquire Warid Telecom Uganda. The amount of acquisition has not been disclosed.

With this Airtel has strengthened its position as the second-largest mobile phone firm in Uganda with a 39 per cent market share after MTN who is number with 49 per cent.
 
Though the deal size wasn't disclosed, top executives aware of the matter said Bharti Airtel bought 100% stake from the Abu Dhabi Group, owner of the Warid Telecom, in an all-cash deal.

Bharti Airtel's managing director & CEO (International) Manoj Kohli said that the Warid Uganda deal "is the first in market acquisition" in the telco'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," he said. Warid Uganda board member Mohammed Nahayan, in turn, claimed the deal with Airtel would offer Warid consumers added benefits "like wider network coverage, access to the most extensive 3G network and world class products and services".

"They will enjoy benefits of the 'One Airtel' network with lower roaming rates across Africa and South Asia and also experience benefits of higher 3G speeds and Airtel Money services," Bharti Airtel said in a statement. Bharti Airtel is currently organised into two separate units, India and South Asia, which accounts for 75 per cent of revenues, and Africa, where it has operations in 17 countries.
 
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