Bharti Airtel bids for Myanmar licence - sources

NEW DELHI Tue Jan 29, 2013 9:25pm IST

A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in Kochi November 30, 2012. REUTERS/Sivaram V/Files

A Bharti Airtel advertisement board is installed against the backdrop of company's telecommunication tower in Kochi November 30, 2012.

Credit: Reuters/Sivaram V/Files

Related Topics

Stocks

   
Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

NEW DELHI (Reuters) - Bharti Airtel Ltd(BRTI.NS), India's top mobile phone operator, has bid for a telecoms licence in Myanmar as part of plans to expand in overseas markets, two sources with direct knowledge of the matter said.

The Myanmar government earlier this month invited expressions of interest for two mobile phone licences - a first step towards increasing mobile penetration from 5-10 percent to 80 percent in three years.

The deadline for submitting bids was last Friday.

"We are always open to opportunities provided there is a strategic fit and the market offers significant potential," Bharti Airtel said in a statement, without confirming or denying that it has bid for a licence.

The world's fourth-biggest mobile phone operator by number of subscribers, Bharti also operates in Sri Lanka and Bangladesh in South Asia and 17 African countries.

(Reporting by Devidutta Tripathy; Editing by Helen Massy-Beresford)

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Reuters Showcase

Vodafone Ruling

Vodafone Ruling

Government will not appeal Vodafone tax ruling   Full Article 

Indian Railways

Indian Railways

Private refiners compete with state firm to sell diesel to railways   Full Article 

Ranbaxy Results

Ranbaxy Results

Dec-quarter net loss widens on forex loss  Full Article 

Market Eye

Market Eye

Sensex, Nifty retreat from record highs on profit-taking.  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage