The deal, still subject to regulatory and statutory approval, will make Airtel the largest mobile operator in Congo, ahead of MTN. "This acquisition is in line with our stated strategy of strengthening our market position through in-country acquisitions, as and when suitable opportunities come along, "said Bharti Airtel MD and CEO (International) Manoj Kohli in a news release.
Having acquired Warid Uganda in May, Airtel hopes that the acquisition will strengthen its 2G and 3G networks. So far no financial terms have been released by the two telecom companies.
Bharti Airtel which is 32 per cent owned by Singapore Telecommunications Ltd, has since June 2010 bought several firms in Africa.
source : allafrica.com
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