Thursday, June 24, 2010
Bharti To Invest USD100 In Malawi Expansion Plan
The Indian company expects to introduce the Airtel brand across its new units by October 2010.
‘We plan to invest USD100 million in Malawi in the next three years to improve coverage and reach out to Malawi's rural farmers ... and help the country's economy grow,’ chief executive officer of Bharti Africa, Manoj Kohli, told a news conference. Kohli added that Bharti plans to increase the number of its subscribers in Malawi from the current 2.5 million to seven million, although no date has been given for the company to reach its target.