Airtel to invest $600 m in Nigeria


Abuja, July 7

India's largest cellular service company Bharti Airtel will invest $600 million in Nigeria's mobile market following its takeover of Zain Telecom's African business for around $10.7 billion.

Manoj Kohli, the CEO international and joint managing director, told reporters in the country's commercial capital, Lagos, yesterday that Bharti would also invest in rural telephony and introduce a corporate social responsibility programme that includes setting up of schools that would offer free quality education to underprivileged children in rural communities.

"We are delighted to be in Nigeria and at the outset like to express our deep gratitude to the government of Nigeria for their overwhelming support. We want to be a partner in Nigeria's growth and will work with the government to take the telecom network deep into all corners of the country to touch the common man," Kohli said.

He said Bharti would embark on an aggressive expansion in Nigeria in order to boost the profile of the country with a population of 150 million people as an emerging market powerhouse. — PTI