Vodafone in talks to buy 30 pct stake in Bangladeshi operator
Vodafone is in talks to buy a 30 pct stake in Bangladesh's second-largest mobile phone network, AKTEL, for around $300 mln, 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.
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