Bharti launches new offshore arm to target South Asia

www.WirelessFederation.com/news: With the aim to spearhead its expansion into the south Asia region, Bharti Airtel has planned to launch a dedicated offshore arm on April 1. According to Sunil Bharti Mittal, chairman & managing director of Bharti, the company will develop comprehensive plans for its journey to cover emerging markets beyond India and South Asia.

This will leverage the depth and build a strong platform for fulfilling company’s global vision. The announcement was made after the acquiring of 70% stake in Bangladesh based telco, Warid Telecom by Airtel. Kuwait’s Zain Telecom and Sweden’s Millicom International Cellular is the new M&A target of the company.

Earlier, Bharti Airtel unsuccessfully bid to merge with South African giant MTN, twice.