Celtel Malawi to invest USD90 million in network upgrade

Celtel Malawi, a subsidiary of Middle East and African telecoms firm Zain Group, says it plans to invest USD90 million in its financial year 2008/09 to improve its network and extend coverage to all parts of the country. The operator also hopes to use part of the monies set aside to enable it to reduce the cost of its handsets. The decision to cut mobile phone costs is a result of the government’s recent initiative to implement new tax measures, it said. In the 2008/2009 national budget presentation, the government announced it was scrapping a 25% customs duty and excise on imported handsets, but introducing in its place a 10% domestic excise tax on airtime.