Bharti Airtel to invest $1 billion in Africa this year'
Consolidating its operations in Africa, Bharti Airtel will invest $1 billion (about Rs. 4,500 crore) in the continent to expand its network throughout 16 countries."We have already invested $11 billion here and have committed nearly $1 billion investment for this year for expansion of our network," Bharti group chief Sunil Mittal said.
Last year, in the largest ever telecom takeover by an Indian firm, Bharti had acquired Kuwait-based Zain Telecom's African business for $10.7 billion (about Rs. 48,000 crore). The closure of the deal had implied that Bharti has received all the approvals from the governments and regulators of each of these 16 nations.
The company has also launched its brand airtel in all 16 African countries.
Read more at: Bharti to invest $1 billion in Africa this year - NDTV Profit