Warid Bangladesh renamed as Airtel Bangla

www.WirelessFederation.com/news: Warid Telecom (Bangladesh) whose 70% stake was acquired by Indian telco Bharti Airtel will be renamed Airtel Bangla Ltd and will be operational under this name by the end of this month.

The acquisition has been approved by Bangladesh Telecommunication Regulatory Commission (BTRC) while the investments plan has been submitted under which Bharti is set to pay off Warid’s debts of BDT2.3 billion (USD33 million) to local financial institutions along with massive network expansion under an initial BDT21 billion budget.

According to the BTRC, Warid telecom launched in May, 2007 signed up almost three million subscribers by end-December 2009.