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Bharti Airtel bids for Myanmar licence - sources
January 29, 2013 / 3:57 PM / 5 years ago

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.

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

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

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