Bharti Airtel to acquire Warid Telecom Uganda

Mergers, Acquisitions and Financial Results

Bharti Airtel, the country's largest telco by revenue and customers, signed an agreement to buy rival Warid Telecom Uganda for an undisclosed sum on April 23, reinforcing its position as the second-largest mobile phone firm in Uganda with a 39 per cent market share, just behind market leader MTN, which controls 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.