It wasn’t long ago that media was suggesting the leaving of Airtel from Africa because of the debt they owned but Airtel, the leading telecommunications company with operations in 15 countries across Africa has disprove the rumour and the organization has reaffirmed that Airtel is committed to Africa and will continue to invest in its operations to grow in Africa.
Read what Raghunath Mandava, Managing Director and chief executive officer had to say about this;
“All the steps taken recently with regard to human resources and infrastructure have been geared towards readying the organization to grow efficiently and sustainably in the medium to long term. The company remains committed to competing in various markets and providing more choice to customers through further investments to ensure consistent delivery of quality and value for money services to our customers. We are also accelerating our investments in new data networks and to modernize our existing networks. We are committed to launch 4G in multiple countries.”
He also added;
“Mergers and acquisitions continue to be the norm for any multinational organization and they affect all global organizations in equal measures as and when they happen. As a strategy, we look for opportunities to acquire or merge in opcos that are operating in a fragmented market structure with too many players in a small market. Last year, Airtel and Orange reached a mutually beneficial agreement on the assets in Sierra Leone and Burkina Faso. Similarly, Airtel also acquired assets in Uganda, CongoB and Kenya in recent times. The agreements brought together the strengths of Airtel, Warid and Essar. This has offered benefits to customers in the form of a superior and wider network, affordable voice / data services and better customer care. Away from Africa, recently, we merged with Robi in Bangladesh to create a solid and profitable No.2 player in the market.”
So this result demonstrates the effectiveness of Airtel business strategy in Africa.
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