LONDON (Thomson Financial) - Vodafone is in talks to buy a 30 pct stake in
Bangladesh's second-largest mobile phone network, AKTEL, for around 152 mln stg,
reported the Daily Telegraph.
The report said talks, which are at an early stage, underline Vodafone's
determination to tap into Asia's fast-growing mobile markets to offset slowing
growth in Europe.
Vodafone has been given initial reassurances from the Bangladeshi telecoms
regulator it would be allowed to buy the stake from AK Khan, a privately owned
textiles-to-telecoms company, said the Telegraph.
The remaining 70 pct of AKTEL is owned by Telekom Malaysia International.
r.jones@thomson.com
rj/ms1
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