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Bharti to inject $600m into Zain Nigeria

By Adekunle Adekoya, Prince Osuagwu, Princewill Ekwujuru & Providence Obuh
Bharti Airtel, new owners of Zain Africa operations, including Nigeria, has announced that it was going to inject about $600 million into Zain operations in Nigeria to prove its long term commitment to the growth of the telecommunications in Nigeria.

The company said it was also committed to offering affordable services, deep network coverage and distribution backed by a superior brand experience to customers.

Addressing a world press conference at the Eko Hotel and Suites, Victoria Island, Lagos, yesterday, the company’s CEO (International) & Jt. Managing Director, Mr. Manoj Kohli, described its acquisition of Zain Africa as a milestone achievement, adding that his company was ready to be a partner in Nigeria’s growth and as well work with the government to take telecom networks deep into all corners of the country to touch the common man.

According to him, “we are here for the long run and want to be a partner in the growth story of Nigeria. We believe we have inherited a very well run operations in Nigeria and look forward to working with our team of highly talented professionals and take these operations from strength to strength.”

Also speaking, Zain Nigeria CEO, Rajan Swaroop, said: “In Nigeria, we will continue to build on the momentum and we are committed to taking the telecommunications industry to new heights. Going forward, it will be our endeavour to raise the bar and bring best in-class service, seamless network experience and introduce innovative products and services for our customers in Nigeria .”

However, the company said it has budgeted to spend about $300 million in the first year of its operations in Nigeria, hoping that it would serve its desire of upping the quality of service of the network to what is obtainable at the moment, introduce innovative services and as well take services into the rural Nigeria to help the rural farmers enjoy the benefit  of a mobile internet and ubiquitous telecom services.

Meanwhile, Chairman of the company in Nigeria, Mr Oba Otudeko, said irrespective of the twist and turns that had trailed the history of the company, resilience and love of God had left the company stronger.


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