Bharti Airtel bids for Myanmar licence - sources
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)
- Tweet this
- Share this
- Digg this
- Govt considers ban on e-cigarettes, sale of single smokes
- India's fiscal deficit in H1 almost 83 pct of full-year target
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Muslim men over 50 pray at Jerusalem's Aqsa mosque amid tight security
- Europe won't recognise vote in eastern Ukraine, Merkel tells Putin
Shares Hit Record
The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro. Full Article
China's shadow banking sector growing rapidly, third largest in world - FSB. Full Article