US $ 100m(est. Rwf 59bn) to be invested
{{The Chairman and Managing Director of Bharti Airtel Limited has observed that Rwanda is a key telecom market in the Region.}}
Sunil Mittal was speaking to the press after being awarded a license to operate in Rwanda as a third mobile telecommunication company now competing with MTN and Mallicom’s TIGO.
Mittal says that Rwanda’s market has immense growth potential and he noted that it will strengthen Bharti airtel’s footprint in East Africa.
“We are pleased to be part of the vision of the government of Rwanda to take telecommunications forward as a priority,” Mittal told Rwandan press after being awarded the license in Kigali.
The Indian based telecommunications company will launch 2G and 3G mobile services in Rwanda, for which it has earmarked an investment of US $ 100 million over the next three years.
Bharti Airtel becomes the third mobile telecommunication operator after MTN Rwanda, said to be with 2,824,874 and TIGO Rwanda with 1,300,159 subscribers in an over 10 million population.
One of the top world’s telecommunication services provider acquired Kuwait-based Zain Telecom for about US $10.7 billion.
It has been operating in 16 African countries, including Burkina Faso, Chad, the Democratic Republic of Congo, Gabon, Ghana, Kenya, Malawi, Madagascar, Niger, Nigeria, Seychelles, Sierra Leone, Tanzania, Uganda and Zambia.
Rwanda is said to be among the fastest growing telecom markets in Africa.
Bharti airtel limited is a leading global telecommunications company with operations in 19 countries across Asia and Africa.
The company offers mobile voice & data services, fixed line, high speed broadband, IPTV, DTH, turnkey telecom solutions for enterprises and national & international long distance services to carriers.
Bharti airtel has been ranked among the six best performing technology companies in the world with 200 million customers across its operations.
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