Airtel Malawi renews its license for another 10 years. This new development simply means that the telecommunications firm will still be around for some time in the region.
Airtel Malawi Renews Its License
Last week, Charles Kamoto, the Managing Director of Airtel Malawi, announced the renewal of the telco’s license for another decade, reaffirming its commitment to enhancing people’s lives through its services.
Airtel disclosed that it made a substantial payment of MK59.4 billion ($35.3 million) in levies, fees, and spectrum to the Malawi Communications Regulatory Authority (MACRA). Additionally, it allocated MK17.6 billion ($10.46 million) for international interconnect levies.
Highlighting the company’s economic footprint in Malawi, Kamoto emphasized Airtel’s significant investment of $176 million in network infrastructure. With over 1,100 sites providing 2G, 3G, and 4G services, Airtel’s network covers 88.2% of the country and caters to 86.7% of the population.
Airtel’s Position as a Job Creator
Beyond technology, Airtel positions itself as a job creator, boasting a distribution network comprising 28,000 SIM-selling outlets and 115,000 airtime recharge points. The company serves over 7 million customers, with 2.6 million actively engaged with data services. Kamoto also highlighted a smartphone penetration rate of 29.1%, enabling more Malawians to access digital opportunities.
What Airtel Aims To Prove With This New Development
Furthermore, Airtel Malawi asserts its commitment to corporate citizenship, contributing to the community through initiatives in sports, disaster relief, education, and healthcare. Since 2016, the company has contributed MK69 billion ($41 million) in corporate taxes.
Airtel’s Confidence in the Communication Sector
Daud Sulemani, the Director General of MACRA, expressed satisfaction with investors’ confidence in the communication sector. He aims to boost Internet penetration to 60% by 2028, a significant increase from the current rate of 23%.
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