Bharti Airtel international will Invest $100 Million In Malawi Bharti Airtel, who became the world’s fifth largest mobile player With recent acquisition of Zain Telecom’s African business is now planning to invest over US$ 100 Million in the Malawi telecommunication industry in the next three years. Company has also revealed that by this investment and business plan it targets to achieve 100 million subscribers and $5 billion revenue by 2012-13. Bharti Airtel now owns 100 percent of shares in Zain Malawi.

“We plan to invest $100 million in Malawi in the next three years to improve coverage and reach out to Malawi’s rural farmers  and help the country’s economy grow,” said Manoj Kohli, chief executive officer, Bharti Africa in in the Malawi’s capital Lilongwe

Kohli also revealed the company’s wish to improve local call rates to at least 250 minutes. Malawi currently hovers around 40 minutes of talk time for users. In India, he referenced, subscribers utilize between 400 and 500 minutes per month. (more…)