Bharti Airtel, the Indian telecoms company with a controlling stake in Zain Nigeria has recently announced that it aims to be Nigeria’s rural network and will focus on providing high quality service at affordable rates to rural communities across the country.
According to the company’s President/CEO, Manoj Kholi:
Africa with a population of over 1 billion people deserved a better teledensity than presently is the case. He said Bharti will aim to increase the teledensity from the present 20% to 50% in the next six years, saying that “Africa is the growth market and Nigeria is the Jewel of Africa.”
Bharti intends to make an investment of about 600 Million Dollars (90 Billion Naira) in the next three years including a 300 Million Dollars (45 Billion Naira) in the next 12 months.
Zain Nigeria was recently acquired by Bharti Airtel for 10.7 billion dollars making it the world’s 5th largest mobile operator.