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Airtel denies it plans to exit Kenyan market

Sunil Mittal, Bharti Airtel chairman. FILE PHOTO | NMG
Sunil Mittal, Bharti Airtel chairman. FILE PHOTO | NMG 

Telecoms operator Airtel on Monday dismissed claims that it was planning to exit Kenya, even as it affirmed that it is open to a merger or acquisition to rescue its non-profitable businesses in Africa, including Kenya.

Airtel Africa said in a statement that it was pursuing other options to turn the businesses profitable.

“We had stated that we are open to consolidation opportunities either through acquisitions or mergers, to create a viable business in these three (Kenya, Rwanda and Tanzania) markets. It was never said that we were looking at exiting these markets,” the statement said.

Airtel was making reference to a November 27 story by India’s Economic Times indicating Kenya was one of the three African markets where the telecom firm is not performing positively, and needed to pursue an exit plan.

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