360° Coverage : Bharti Airtel to invest $125 mn in Gabon

Bharti Airtel to invest $125 mn in Gabon

Libreville (Gabon), June 19 (IANS) India's Bharti Airtel will invest $125 million more in Gabon to develop the communications network in the central African country.

Jun 19 2013, 7:34am CDT | by

Bharti Airtel to invest $125 mn in Gabon
Photo Credit: KAZUHIRO NOGI, Getty Images

Libreville (Gabon), June 19 — India's Bharti Airtel will invest $125 million more in Gabon to develop the communications network in the central African country.

The company announced the investment on the sidelines of "The New York Forum Africa 2013" event here Wednesday.

Bharti will use the money to expand third-generation and fourth-generation telecommunications networks and on some social programmes in the country, Manoj Kohli, chief executive for international operations, said in a statement.

"Airtel is committed to Gabon and ready to work with the government towards achieving their ICT goals. These include the deployment of a 3G and 4G network, when made available, to help businesses and the youth access world class data services," said Kohli.

"We are in Gabon for the long haul and will support both commercial and social programmes."

Gabon aims to have a countrywide digital infrastructure by 2016, enabling the development of a wide range of e-services, which will give rise to a major qualitative improvement in social services and create the foundations for Gabon.

Kohli said the company will support youth-driven activity like soccer and the support of a young Gabonese ICT entrepreneurship programme to provide ICT training to 10,000 youth over the next three years.

"We plan to develop training programmes on ICT business in collaboration with local training schools," he added.

With high hydrocarbon reserves and foreign investment inflows, Gabon counts among the more prosperous countries in Sub-Saharan Africa with a per capita income of nearly $12,000.

Senior executives from Airtel Africa held discussions with the President Ali Bongo Ondimba during the Forum meeting and discussed possible areas of synergy.

Bharti Airtel has operations in 20 countries across Asia and Africa.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

blog comments powered by Disqus

Latest stories

Facebook Announces Messenger Platform and Businesses on Messenger
Facebook Announces Messenger Platform and Businesses on Messenger
Facebook launches two initiatives to bolster its Messenger app.
 
 
Apple Reportedly Working with Foxconn to Launch iPhone Trade-in Program in China
Apple Reportedly Working with Foxconn to Launch iPhone Trade-in Program in China
The move will solidify Apple’s business in China.
 
 
Steve Jobs Was a Tough Character, Says Bill Gates
Steve Jobs Was a Tough Character, Says Bill Gates
Bill Gates: Steve Jobs was a tough character, but he didn't direct his anger at me too often.
 
 
Amazon Prime Music Updated with Stations on iOS
Amazon Prime Music Updated with Stations on iOS
Amazon Prime Music on iOS gets smarter and better with Prime Stations. That means Apple users can stream songs with unlimited skips and without ads.