by Joseph Mwenda on 19 May 2018by Mukosha Funga on 18 May 2018by Mirriam Chabala on 18 May 2018by Mukosha Funga on 18 May 2018
- Goal Diggers
by Abraham Kalito on 17 Apr 2018by Abraham Kalito on 10 Apr 2018by Mazuba Muleya on 20 Feb 2018by Mazuba Muleya on 20 Feb 2018
by Joseph Mwenda on 18 May 2018by Abraham Kalito on 18 May 2018by Abraham Kalito on 18 May 2018by Stuart Lisulo on 17 May 2018
by Zondiwe Mbewe on 18 May 2018by Zondiwe Mbewe on 17 May 2018by Daniel Chansa on 16 May 2018by Zondiwe Mbewe on 10 May 2018
- Editor's Choice
by Diggers Correspondent on 18 May 2018by Nevers Mumba on 26 Apr 2018by Anand Rajaram and Miljan Sladoje on 4 Apr 2018by Dr Canisius Banda on 22 Mar 2018
by Sipilisiwe Ncube on 15 May 2018by Felix Kashweka on 14 May 2018by Thomas Mulenga on 7 May 2018by Diggers Correspondent on 28 Apr 2018
- Guest Diggers
by Chibamba Kanyama on 16 May 2018by Sishuwa Sishuwa on 14 May 2018by Sishuwa Sishuwa on 7 May 2018by Kalaki on 7 May 2018
Bharti to exit Zambia marketBy Mukosha Funga on 31 Jan 2017
BHARTI Airtel, which owns Airtel Zambia, has announced that it will be exiting Africa by the end of this year.
The other markets Bharti Airtel plans to exit include Gabon, Kenya, Madagascar, Malawi, Niger, Rwanda, Seychelles, Tanzania, Uganda, Ghana, Nigeria, Congo and Chad.
BloombergQuint, an India-focused subsidiary of Bloomberg News quoted Bharti Airtel chairman Sunil Bharti Mittal saying, “The moves would pare the size of operations on the continent and could be completed within a year…some of Bharti’s businesses in 14 African nations would be affected.”
When Airtel began talks to sell off its operations in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone to Orange two years ago, the company had claimed it would not be exiting Africa.
Since completing the purchase of mobile operations in 15 African countries from Zain of Kuwaiti at US$10.7 billion, Bharti Airtel has failed to live up to expectations as it has been faced with poor performance across those markets and that was increasing its debt portfolio.
In the quarter ended September 2016, Bharti Africa lost US$91 million compared with a US$170 million loss in the same period the previous year.
Lack of investment and engineering upgrades had seen Airtel being beaten in market share by South Africa’s MTN while Zamtel still lags third.
With Vodafone being granted a data licence to operate in Zambia and its voice license beckoning for them, Airtel Zambia’s future looks even tougher as fierce competition continue to dictate the direction of mobile phone industry in the country.
MTN Zambia and Vodafone Zambia were offering 4G internet speed while Airtel Zambia had remained on less fancied 3G.
In India, Bharti was also considering selling the 73.5 per cent stake in its tower unit, Bharti Infratel but a decision was yet to be taken whether to sell minority or controlling shares.
In almost 30 years of the mobile phone industry in Zambia, Airtel has changed ownership four times.
So far, the company has operated under four different names which include Zamcell, Celtel, Zain and the current Airtel.Related Items
Subscribe for email alerts
Weekly Most Digged
ArchivesJun0 PostsJul0 PostsAug0 PostsSep0 PostsOct0 PostsNov0 PostsDec0 Posts
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
The News Diggers
Plot No. Lus/9812/649-MC8
off Alex Chola Road
P.O. Box 32147
Telephone or WhatsApp:
+26-097-7708285, 095-3424603, 096-5815078
diggers [at] diggers [dot] news
editor [at] diggers [dot] news
Send this to a friend