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Bharti Airtel to Buy & Shut Down Warid Group in Congo-Brazzaville

airtel (1)Bharti Airtel has entered into an agreement to fully acquire Warid Group’s Congo operations making it the largest operator in the country with 2.6 million subscribers from its 1.6 million customers at present.

The deal, subject to regulatory and statutory approvals is the second in-country acquisition by Airtel in Africa, just months after it fully acquired Warid’s Uganda. Warid Congo subscribers will automatically become Airtel Congo subscribers and put on matching tariffs.

The deal when through will strengthen  Airtel’s operations in the Congo-Brazzaville as Warid Congo-Brazzaville subscribers will join Airtel’s user-base over 280 million subscribers globally.

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According to Manoj Kohli, managing director and chief executive officer (International), Bharti Airtel, “This acquisition is in line with our stated strategy of strengthening our market position through in-country acquisitions, as and when suitable opportunities comes along. We are at an advanced stage of successfully integrating Waird’s Uganda operations with that of Airtel and look forward to a similarly swift transition in Congo-Brazzaville as well.”

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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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