Financial Times

Airtel to go to East by year-end


Bharti Airtel Lanka is rolling out its network now in the hope of going to the East by the end of the year, according to a top Airtel official. “We have plans to go to the East by the end of this year. We have plans to go to the North as well, but it depends on the (clearing up) situation in the North,” Sanjay Kapoor, Deputy CEO Bharti Airtel told The Sunday Times FT on the sidelines of a press conference this week.
The company secured one million ‘revenue earning’ customers since its January 12 launch, Airtel officials told reporters adding that this has made Airtel the fastest growing mobile telco in the market presently.

Mr Kapoor said Airtel’s US$ 200 million investment pledged for the next five years by the company will cover the Eastern roll out as well as the North if the clearing process is successful. So far the company has invested US$ 120 million.

When asked if Airtel will bid for Millicom International Cellular’s Tigo which is in the market, Mr. Kapoor declined to comment. "Any opportunity across the globe which is value creating in nature, we will always be interested in. I can't comment more than that."

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