Bharti Airtel hasÂ received the approval from the Bangladesh telecom regulator for its 70% stake in the Abu Dhabi Group’s Warid Telecom. Bharti Airtel will be acquiring stake in Warid Telecom at a proposed investment to the tune of $300 million.
Dubai based Warid Telecom is the fourth largest telecom operator in Bangladesh with close to 2.9 million subscribers. Bharti Airtel would become the first Indian Telco to set foot in the Bangladesh Telecom market.
Bharti Airtel has been itching for inorganic growth for quite sometime. The Bharti-MTN deal even after multiple talks did not fall in place. However, the Warid Stake will allow Bharti to expand into new geography and add to its ever increasing subscriber base.
Bharti is betting on the growing telecom demand in Bangladesh which according to industry estimates is set to cross 100 million customers by 2015. The 100 million odd customer base of Bharti Airtel can see immensely jump should it be able to make a disruptive entry into the Bangladesh Telecom Marketplace which like others is estimated to be fuelled by Price Wars.
Reliance Communication To Raise 6300 crore, scale its wireless and Enterprise Business
Reliance Communication along with its group companies is looking to raise over Rs. 6300 crores to scale up its wireless and enterprise business. Code Named ‘Edge 2010’ , Reliance aims to
- Strengthen its GSM and CDMA network along with its DTH business.
- A thrust towards the enterprise business in the internet data centre and cloud computing space.
- Utilize The Raised Cash to be in a good position during the 3G auctions.
As a company, I think Reliance has been forthcoming on maintaining huge cash reserves for expansion and making disruptive entry into new markets.
Even with the ongoing telecom pricing wars, Reliance recently launched the 20 paise/minute billing to keep itself in the limelight.Reliance is betting on raising cash to the tune of 10,500 crore to expand aggressively in the telecom and digital space.
What do you think? Will the cash rich Reliance Communication be able to stand its ground in the ever competitive digital market in India?