A Telecommunications Company, Barthi Airtel says it has so far invested $400 billion since the company began operations in Nigeria.
The Chairman of Barthi Airtel, Sunil Mittal, disclosed this while speaking to State House Correspondents after he met with President Tinubu on Monday.
“We are already investing about $400 million a year in Nigeria, which has been going on for the last many years and that will continue. That is business as usual. We have invested just under $4 billion since the time we came into Nigeria,” he said.
He further disclosed that the company is willing to invest $700 million dollars in the country in the next two years, as it rolls out the 5G network.
“To roll and experience the 5G and more fibre into the ground and data centres will require $700 more million in order to achieve that so, $400 million is what we generally invest every year but with 5G the investment is only going to go up for the next two or three years before it comes back to what it used to be,” Mittal added.
The Telecom mogul said he sees a lot of investment opportunities in Nigeria and with the steps so far taken by the Bola Tinubu administration, a better future awaits the country.
“I can tell you, this country has tremendous future; with 220 million young and energetic people and in the next 10 years, the country will be the 3rd largest in the world and with the current steps taken like the floating of naira and taking fuel subsidy out, as well as organising oil production in a better way, I think the future is going to be glorious for this country,” he said.
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands
On August 5, 2001 it launched commercial GSM (Global System for Mobile communication) services in Nigeria
Additional Research/PIAK
