Bharti keen on buying African telecom PSUs: Rajan Mittal

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LAGOS: The Bharti group, which has just acquired a majority stake in the Bangladeshi mobile operator Warid Telecom, is on the lookout to acquire
government-owned telcos in developing countries like Africa which are up for divestment.

"If the government in any other developing country like Africa, Bangladesh etc are looking for disinvestment in PSU telcos then it can be looked at. But it would only be in mobile services and not in fixed lines," Bharti Enterprises managing director Rajan Bharti Mittal told reporters on the sidelines of a Ministry of Commerce and Ficci event here.


Bharti keen on buying African telecom PSUs: Rajan Mittal - Telecom-News By Industry-News-The Economic Times
 
LAGOS (NIGERIA): Twice bitten, Bharti Airtel will shy away from making any more moves at acquiring South African telecom giant MTN, although it will
continue to look at other take over targets, especially state-run telecom firms in emerging markets.

“The MTN chapter is now closed,” said Rajan Mittal, vice-chairman & MD of Bharti Enterprises, adding that Bharti Airtel’s recent acquisition of Warid Telecom in Bangladesh demonstrated the company’s intention to tap business opportunities in emerging markets.

“This is a continent (Asia) that attracts us,” Mr Mittal said. Bharti Enterprises is the parent company of Bharti Airtel, India’s largest private telecom operator by subscribers as well as revenues.


Bharti leaves MTN saga behind, takes new calls- Telecom-News By Industry-News-The Economic Times
 
NEW DELHI: Bharti Airtel Ltd, India's top mobile operator, continues to explore expansion in emerging markets on a priority basis, its chief
executive said on Friday.

The company was not planning to acquire U.S. mobile service Sprint Nextel Corp, Manoj Kohli told reporters after the company announced its quarterly results.

"The answer to this specific question is a big no," he said, responding to a question whether Bharti was eyeing Sprint.

Bharti Airtel, reported a small rise in quarterly profit growth, broadly in line with expectations, as a vicious price war hits margins in the booming industry.


Focus is on emerging markets: Bharti CEO- Telecom-News By Industry-News-The Economic Times
 
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