NEW DELHI: Sunil Bharti Mittal-promoted Bharti Airtel has received approval from the Bangladesh Telecommunication Regulatory Commission (BTRC) to buy 70% stake in Warid Bangladesh for $300 million, according to a report in The Daily Star.

A Bharti spokesperson, when contacted, said: "We have no comments to offer beyond our initial statement."

The report quoted BTRC chairman Zia Ahmed as saying: "We have approved Bharti Airtel's plan to buy the Warid stake."