Airtel Uganda has dismissed reports alleging that the telecom was pulling out the country.
Media reports indicated that Airtel would be sold off to Tigo, a company whose brand forms part of the Millicom Group, with presence in America, Europe, Africa and Asia with its headquarters in Luxembourg, Germany.
According to techjaja.com, Airtel’s current Managing Director, Tom Gutjahr, previously served as CEO for three Tigo operations in Paraguay, Rwanda and Chad.
Furthermore, the Current COO and Airtel money director of Airtel Uganda have also worked in other Tigo affiliates.
The report said Sunil Bharti Mittal, the chairman, Founder and Group CEO of Bharti Enterprises, who was in the country during the Warid-Airtel merger deal, was soon jetting in for the Airtel-Tigo deal.
It is also Airtel’s unit net loss had worsened [$154 million from $137 million] a year earlier.
However, Christian de Faria, the Chief Executive Officer Airtel Africa, said the telecom was not withdrawing from the country.
“Airtel remains committed to its African operations and sees growth opportunities for telecoms in Uganda and on the Continent.”
“We have made significant investments and will continue to invest in our operations and deliver affordable world-class services to customers,” Faria added.