Recalled the reports going round about the proposed planned by Airtel to quit is operations in about 15 Africans countries, including Nigeria, Airtel came out to refute the news, adding it has as a matter of fact increased its ownership of Airtel Nigeria in November after purchasing Econet Wireless Limited’s 4.2% shareholding.
According to the press released made available, The Company through its Managing Director, and Chief Executive Officer, Mr Raghunath Mandava, refuted the rumor while giving various accounts of our it has grown over the past few months, he also made it known that the Company is 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..
In his words “All the steps taken recently with regard to human resources and infrastructure have been geared towards readying the organization to grow efficiently and sustainable 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 launching 4 G in multiple countries.”
He went further to add “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.”
The recent results demonstrate the effectiveness of Airtel’s business strategy in Africa. The organization sees an opportunity ahead to emerge with a broader reach and sharper execution.