Markets Nosedive

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

RBI's May Review

RBI's May Review

Subbarao overrules panel view on rate action in May.  Full Article 

SBI Earnings

SBI Earnings

State Bank of India Q4 profit falls, shares drop.  Full Article | Related Story 

Subsidy Compensation

Subsidy Compensation

Government to pay state-run fuel retailers $8.1 billion in Q4 oil subsidy.  Full Article 

Tata Steel Results

Tata Steel Results

Tata Steel reports loss on Europe weakness.  Full Article 

FDA Woes

FDA Woes

Wockhardt says FDA alert affects potential sales of $100 million.  Full Article 

Buy, Sell or Hold?

Buy, Sell or Hold?

Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

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

Bharti Airtel bids for Myanmar licence - sources

Related Topics

Stocks

   
Track BSE Sectoral Indices

Track Markets: BSE Sectoral Indices

Track and analyse performance of all BSE sectoral indices and other global indices on a single page.   Full Coverage 

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

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

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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.