There is a lot of discussion over China’s role in investing in the African market, but Indian companies are looking to make a push into the continent, and much of their efforts appear to be going unnoticed. Bharti Airtel, however, announced on Tuesday that it plans to invest some $1 billion in order to expand its network across the continent.
According to Profit news agency, Bharti group chief Sunil Mittal was quoted as saying “we have already invested $11 billion here and have committed nearly $1 billion investment for this year for expansion of our network.”
Reporters at the press conference then asked about the possibility of acquisitions in East Africa or elsewhere.
“At 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,” he added.
Across the continent, many analysts are watching with increased optimism the role India is playing in the telecom sector.
Sudanese telecom analyst based in Kampala, said that although China gets all the press currently, “India is a force that is making solid steps toward really establishing itself in the continent.”
He added that Airtel has shown itself to be willing to view the emerging markets as a “prime” destination for “the continued growth of the telecom market in many countries and [he] fully expect[s] them to continue with speed.”
“In my view, Africa offers a long-term opportunity for Indian businesses in manufacturing, agriculture, services and it is my desire and recommendation that more and more Indian businesses should participate in Africa,” Mittal continued.
By Jonathan Terry
