Airtel denies reports it is planning to exit Kenya, Rwanda, Tanzania

13 Dec 2017

Bharti Airtel has issued a statement denying reports that it is looking at exiting Kenya, Rwanda and Tanzania, stating that it is ‘open to consolidation opportunities, either through acquisitions or mergers, to create sustainable businesses’ in those three markets. The Indian company adds that it will continue to focus on being either the first or second-placed operator in each country where it operates, through market consolidation. To underscore its commitment in Kenya, Airtel says it is investing heavily in all technologies (2G, 3G and 4G) and is installing over 300 sites over the next few months to further improve coverage.

The statement followed reports in Kenyan media that Bharti Airtel planned to cede a 20% stake in Airtel Kenya to local investors, before a planned full exit from the country, as part of regulatory conditions set by the Communications Authority of Kenya.

Kenya, Rwanda, Tanzania, Airtel Kenya, Airtel Rwanda (incl. Tigo Rwanda), Airtel Tanzania, Bharti Airtel