Airtel Kenya to invest $150m in grid growth

By BUSINESS DAILY

Airtel Kenya will spend at least $150 million (Ksh21.5 billion) over the next three years to expand its network coverage through, among other initiatives, setting up an extra 649 new network sites across the country.

The telco’s CEO Ashish Malhotra told Business Daily on Tuesday the firm has to date rolled out over $1 billion (Ksh143.3 billion at current exchange rates) worth of investments in the country since inception, adding that the bulk of it has happened in the last three years.

“$150 million is what we require for incremental investments in the coming two to three years from a network perspective alone. But that’s not the only investment that we will make, there are others happening in regard to building more shops, bringing more affordable routers and so on,” said Malhotra.

Read: Airtel sells mobile cash unit stake for $550m

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