Airtel Rwanda headquarters in Kigali. The mobile services provider says it is not exiting Kenya, Rwanda and Tanzania markets. [Photo/The New Times]Mobile services provider Airtel, has refuted claims that it is planning to exit the East African market.In a press statement, the Indian-based telecommunications firm has, however, revealed that it was open to consolidation opportunities either through acquisitions or mergers to create a sustainable business in Kenya, Rwanda and Tanzania.“It was never said that we were looking at exiting these markets. Our focus continues to be either number one or two in each country where we operate, through market consolidation,” a statement released to newsrooms on Tuesday reads.It adds: "To underscore our commitment in Kenya, we have embarked on investing in 2G,3G and 4G and putting up at least 300 sites over the next months to improve coverage even further."Airtel has in the past two years acquired competitors in Africa in a bid to consolidate its strength against major rivals in the market. In mid-2015, reports the Star, Airtel acquired subscribers of the Essar owned Yu Mobile in Kenya in a Sh8 billion shared deal with its rival Safaricom who took over YU’s network infrastructure.It also bought off Warid in Uganda and Congo Brazzaville as well as consolidating operations in Ghana with Mallicom.Airtel was the first private-owned telecommunications firm to enter Kenya in the early 2000s as Kencel, but it was overshadowed by the entry of dominant Safaricom.
NATIONAL
Airtel speaks on exiting EA market
ADVERTISEMENT
Share news tips with us here at Hivisasa
Thank you for reading my article! You have contributed to my success as a writer. The articles you choose to read on Hivisasa help shape the content we offer.
-Ndung'u Wa Gathua.