The Malawi Communications Regulatory Authority (MACRA) has renewed the operating licence of Airtel Malawi, the country’s largest cellco by subscribers, for a further ten years, BiztechAfrica reports. ‘As a business, the company feels good about the new licence and takes it as a mandate to move [forward] comfortably with its investment plans,’ Airtel’s outgoing managing director Saulos Chilima was quoted as saying. The mobile operator, which is owned by Indian telecoms group Bharti Airtel, has announced investment of USD42 million for the year, which will be spent on the expansion and modernisation of its mobile networks, the rollout of fibre-optic cables and the upgrade of its post-paid system.
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