Airtel Africa, the African arm of the Indian telecom group Bharti Airtel, will not bid for the telecom licenses that the Ethiopian government is putting up for sale as part of the process of liberalizing the national telecom market.
In an interview with Reuters on Friday 29 January, Raghunath Mandava (pictured), the company's chief executive officer, said the company will instead use the current year to strengthen its footprint in its current markets. "We have a lower market share in Nigeria, Congo, DRC, Tanzania, and Kenya. And our entire current focus is on these countries to grow, we are not looking at bidding for Ethiopia at this stage […] During the last couple of months and the whole of next year, our big focus will be Kenya and Tanzania where we are going to roll-out huge networks," he said.
Airtel Africa is currently active in fourteen African markets. The telecom company, which reported revenues of $1,130 million over the first nine months of FY2020-2021 - up 21.6% at constant exchange rates from the $995 million the same period a year previous - wants to strengthen its footprint to tap into the business opportunities on the markets.
By focusing on its current markets, Airtel Africa seeks to improve its rural presence to increase revenues. For the first nine months of FY2020-21, "our deployment in rural markets, coupled with strong customer growth, contributed to a 10% growth in voice, while data and mobile money continued to be growth drivers,” Raghunath Mandava explained.
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Gabon plans to ban broiler chicken imports from January 1, 2027 to boost local production. Senegal has built a self-sufficient poultry sector after...
Funds target erosion control, ecosystem restoration in Benin and Mauritania Program aims to protect 530,000 people and create 13,000 jobs The World...
Move part of mission realignment, not withdrawal, UN says Armed groups persist despite 2019 peace deal, especially in east The United Nations...
While Engel’s Law explains how the share of household spending on food rises as incomes fall, Bennett’s Law focuses on how diets change as incomes...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...