Kampuni ya Bhart Airtel ina mpango wa kujiondoa kayika nchini 15 za Kiafrika Ikiwemo Tanzania.soma zaid

Chanzo .jamii forums
Kampuni ya Bharti Airtel ina mpango wa
kujiondoa katika nchi 15 za kiafrika,
Ikiwamo Tanzania , baada ya kutofanya
vizuri katika robo ya mwisho ya mwaka
jana
Chanzo - Mwananchi
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Kutoka vyanzo vingine:
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Bharti Airtel, the mother company of Airtel
Ghana, has announced that it will be
exiting 14 African countries including
Ghana within a year.
The affected countries include Ghana,
Nigeria, Congo, Chad, Gabon, Kenya,
Madagascar, Malawi, Niger, Rwanda,
Seychelles, Tanzania, Uganda and Zambia.
Source: Airtel to exit Ghana this year
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Airtel Considering Exits, Stake Sales at
Some Africa Operations
Bharti Airtel Ltd., India’s largest mobile-
phone operator, is considering mergers
or stake sales at some of its Africa
operations as it looks to cut debt and
make its biggest overseas acquisition
profitable.
The moves would pare the size of
operations in the continent and could be
completed within a year, Chairman Sunil
Bharti Mittal said in an interview with
BloombergQuint at the World Economic
Forum in Davos. Some of Bharti’s
businesses in 15 African nations would
be affected, he said.
Faced with an escalating price war in its
home market, Bharti is looking for ways to
pare net debt equivalent to about $12
billion as of September. The company has
sold its Sierra Leone and Burkina Faso
operations, as well as some of its tower
businesses, as it reorganizes assets it
bought in 2010 in a $9 billion deal with
Kuwait’s largest mobile-phone operator.
Bharti’s African unit lost $91 million in
the quarter ended September, compared
with a $170 million loss in the previous
year.
As part of the debt reduction, Bharti is
also considering selling a stake in Bharti
Infratel Ltd., its tower unit. A committee
was studying whether the sale would be
a minority stake or control of the tower
unit and a decision could be taken in a
month, Mittal said. In October, Bharti said
in a stock exchange filing that it had
formed a committee to evaluate options
for its 73.5 percent stake in Bharti
Infratel.
Mittal’s moves come partly in response to
the entry of India’s richest man Mukesh
Ambani into India’s wireless
telecommunications market last year.
Ambani stormed into what was already
one of the most brutally competitive
telecom markets in the world with an
offer of free voice services, forever, and
free data services for limited time.
Ambani’s Jio mobile-phone service will
probably force the exit of the smaller
players in a market with almost a dozen
operators, Mittal said in the interview.
Among them is Telenor ASA, the Nordic
region’s largest phone company. Bharti
was among those in discussions to buy
Telenor’s India business, Mittal said.
Bharti, which will announce its earnings
for the quarter ended December on Jan.
24, may have been hit by India’s currency
ban, Mittal said. The Nov. 8 late evening
announcement by Prime Minister
Narendra Modi that canceled 15.4 trillion
rupees of the 17.7 trillion rupees in
circulation may have an 8 percent to 10
percent impact on revenue. About 94
percent of Bharti’s India customers use
prepaid phone connections and were
unable to recharge their phones in the
ensuing cash shortages that plagued the
nation.