{"id":429564,"date":"2011-05-24T18:12:22","date_gmt":"2011-05-24T18:12:22","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/05\/24\/airtel-to-invest-1b-in-ghana-others\/"},"modified":"2011-05-24T18:12:22","modified_gmt":"2011-05-24T18:12:22","slug":"airtel-to-invest-1b-in-ghana-others","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/05\/24\/airtel-to-invest-1b-in-ghana-others\/","title":{"rendered":"Airtel to invest $1b in Ghana, others"},"content":{"rendered":"
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You Are Here: Home<\/a> \u00bb Investment<\/a> \u00bb Airtel to invest $1b in Ghana, others<\/p>\n

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Page last updated at Tuesday, May 24, 2011 18:18 PM \/\/ <\/span><\/div>\n

\"\"<\/a>India\u2019s telecommunications company, Bharti Airtel says it will invest about $1 billion into its operations in Africa in 2011.<\/p>\n

The Economic Times of India reports that this investment is to expand the company\u2019s network throughout its 16 operating countries including Ghana.<\/p>\n

\u201cWe have already invested $ 11 billion here and have committed nearly $1 billion investment for this year for expansion of our network,\u201d the publication said citing Bharti Group Chief Sunil Mittal in an interview with India\u2019s News Agency Press Trust of\u00a0 India (PTI).<\/p>\n

\u201cOut of 16 countries many are very profitable, most of them are profitable. As far as Africa is concerned, we have to grow in Nigeria , we have to grow in Ghana , Uganda, Kenya \u2014 these are few countries where we have to step up,\u201d he said.<\/p>\n

Sunnil Mittal said Africa offers a long-term opportunity for Indian businesses in manufacturing, agriculture, services and it is his desire and recommendation that more and more Indian businesses should participate in Africa.<\/p>\n

The company seems not to be interested in any further acquisition in Africa as Mr Mittal was quoted by ET as saying \u201cAt the moment we are focusing on our 16 countries and for any future expansion in Africa, we will see as the opportunities come, as there is nothing on the table at the moment.\u201d<\/p>\n

Airtel\u2019s acquisition of Zain Telecommunications last year according to the World Bank was seen as the one largest takeover in Africa. The deal was worth $10.7 billion.<\/p>\n

By Ekow Quandzie<\/p>\n\n

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\nAirtel to invest $1b in Ghana, others<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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