January 28, 2017 by Staff Reporter
Airtel Africa has announced that it will be exiting Malawi and others African countries within a year, Mobility Arena Reported.
According to the source, the other affected countries include Chad, Congo, Gabon, Ghana, Kenya, Madagascar, Niger, Nigeria, Rwanda, Seychelles, Tanzania, Uganda and Zambia.
The telecom operator is faced with poor performance across those markets.
Two years ago, when Airtel began talks to sell off its operations in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone to Orange, the company had stated that it wouldn’t be exiting Africa.
Apparently, Airtel’s foray into Africa hasn’t paid off so well. Back then, the sale of those operations was done to reduce the company’s debt portfolio.
It seems clear that things haven’t worked much any better for them in other African markets since then.
Airtel Africa is a subsidiary of Indian telecommunications company Airtel, that operate in 15 countries across Africa. It operates a GSM network in all countries, providing 2G or 3G or 4G depending upon the country of operation.