An Airtel shop in Nairobi. [Photo/airtel.com]
Telecommunications firm Airtel has denied reports that it is exiting Kenya, Rwanda, and Tanzania.
In a statement, Airtel said it will continue to explore consolidation options in the three markets.
“We would like to categorically deny these reports which are completely incorrect, unfounded and devoid of any facts. Airtel has consistently stated that it is open to consolidation opportunities, either through acquisitions or mergers, to create sustainable businesses in Kenya, Rwanda, and Tanzania,” says Airtel in a statement.
The mobile operator adds that it aims to occupy first or second market position by consolidation or accusation.
Airtel has in the past few years acquired the assets of Warid, which had operations in Uganda and Congo, Kenya’s Yu and has consolidated operations with Ghana’s Millicom.
“The customers in these markets now enjoy a superior and wider network, affordable voice & data services, and better customer care. This validates our stand that in-country consolidations have resulted in achieving better market positions, thereby benefiting customers and the industry as a whole.”
To further cement its commitment in Kenya, Airtel says it is investing 2G, 3G, and 4G technologies and putting up over 300 sites over the next few months to improve coverage.