Sector regulator the Uganda Communications Commission (UCC) has approved the purchase of Warid Uganda by Bharti Airtel, local news outlet Daily Monitor reports. The deal, which will combine Uganda’s second- and fourth- largest cellcos, marks the first in-market acquisition by Bharti Airtel and represents the first major drive towards consolidation in the crowded sector. As a result of the takeover the Indian group’s local subsidiary will draw level with market leader MTN Uganda; Airtel and Warid had a combined market share of 38.9% at end-2012 compared to MTN’s 39.5% at that date. As reported by CommsUpdate, the South African-based company revealed last week that it was also considering acquisitions in Uganda but stopped short of naming potential targets.
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