Airtel Africa, a leading telecommunications company with operations in 15 countries across Africa, has refuted reports stating its possible exit from the continent.
The organisation has reaffirmed that it remains committed to Africa and will continue to invest in its operations to grow sustainably in Africa.
In a media statement, Raghunath Mandava, Managing Director and Chief Executive Officer, Airtel Africa, said that all the steps taken recently with regard to human resources and infrastructure have been geared towards readying the organisation to grow efficiently and sustainably in the medium to long term.
“Airtel Africa’s recent third quarter results were strong. The underlying Africa revenues for the quarter, accelerated by 6 percent, the highest over the last nine quarters. The organisation’s efforts to improve the quality of customer acquisitions have resulted in a reduction in customer churn to 4.9 percent from 6 percent,” said Mandava.
He added that the company remains committed to competing in various markets and providing more choice to customers through further investments to ensure consistent delivery of quality and value for money services to our customers.
“We are also accelerating our investments in new data networks and to modernise our existing networks. We are committed to launch 4 G in multiple countries. Mergers and acquisitions continue to be the norm for any multinational organisation and they affect all global organisations in equal measures as and when they happen,” he said.
Last year, Airtel and Orange reached a mutually beneficial agreement on the assets in Sierra Leone and Burkina Faso.
Similarly, Airtel also acquired assets in Uganda, Congo Brazaville, and Kenya in recent times.
“The agreements brought together the strengths of Airtel, Warid, and Essar. This has offered benefits to customers in the form of a superior and wider network, affordable voice/data services and better customer care. Away from Africa, recently, we merged with Robi in Bangladesh to create a solid and profitable number two player in the market,” Mandava said.