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www.africa.airtel.com
Airtel Africa plc, trading as Airtel, is an Indian multinational company that provides telecommunications and mobile money services in 14 countries in Africa, primarily in East, Central and West Africa. Airtel Africa is majority owned by the Indian telecommunications company Bharti Airtel.
3 days ago · Bharti Airtel's Africa business reported a modest $31 million net profit in Q1 compared to a $151 million net loss a year ago, due to a sharp fall in finance costs. However, quarterly revenues fell on-year due to currency devaluation in Nigeria, affecting revenue by 16%. The company's net finance cost for Q1 was $139 million, 34% lower on-year and 2.11% less sequentially.
May 27, 2024 · By 2016, there was talk of Airtel beating a retreat from Africa, especially after Reliance disrupted the telecom market in India, shaking Airtel to the roots. In 2017, Mittal admitted that rushing headlong into the African market was his biggest regret.
3 days ago · Bharti Airtel's Africa unit Airtel Africa has reported a consolidated net profit of $ 7 million for the June 2024 quarter against a $ 170 million loss in the year-ago period. Its net profit was primarily impacted by the $ 80 million of exceptional derivative and foreign exchange losses (net of tax) and lower Ebitda due to significant currency devaluation across key markets, Airtel Africa said.
3 days ago · Airtel Africa has fully repaid the outstanding debt due at the HoldCo during Q1, he said, adding that the company is trying to further reduce foreign currency exposure to limit the impact of ...
Airtel Africa’s revenue fell 16% from a year back to $1.15 billion, reflecting the impact of currency devaluation, particularly in Nigeria, coupled with an unchanged data user base. Sequentially ...
continent, Airtel Africa is unlocking the potential for people, businesses and economies to grow. Airtel Africa is transforming lives across Africa. 128.4m total customers 14 sub-Saharan countries 46.7m data customers 26.2m Airtel Money customers Airtel Africa plc Annual Report and Accounts 2022 1
A modernised network: 2G, 3G and 4G in all markets on efficient single RAN technology 25,368 sites (76.5% on 4G), 54,500 km of fibre, significant spectrum, outsourced management and operation of network. A unique network of c.2,800 partners, including IT and telecom infrastructure providers.
