Airtel Africa has disclosed its intention to roll out $750 million in capital expenditure this year to ramp up its mobile-money business across the continent as part of efforts to sustain investment in infrastructure. The telecom giant with mobile divisions in 14 countries shared this via a media chat. Similarly, the group chief executive officer...
Airtel plans to roll out Nokia iSIM Secure Connect technology in several African countries over the next year Nokia today announced that Airtel Africa has selected its iSIM Secure Connect technology, in a Software-as-a-Service (SaaS) delivery model, as part of the operator’s wider digitalization efforts to offer its customers 5G and IoT-based on-demand services. Nokia’s...
Airtel Africa has reported a net profit of US$193-million for the third quarter of its financial year after the company attracted more subscribers in the DRC, Kenya, Nigeria, Tanzania and Zambia. The company added that its customer base across its operations has increased by 10.1% to reach138.5 million, up from its figure of 134.7 million...
While Airtel Africa Plc (LON:AAF) might not be the most widely known stock at the moment, it saw significant share price movement during recent months on the LSE, rising to highs of UK£1.38 and falling to the lows of UK£1.08. Some share price movements can give investors a better opportunity to enter into the stock,...
Airtel Africa has signed a new USD194 million loan facility with the International Finance Corporation (IFC) and plans to use the facility to support investment in the Democratic Republic of Congo (DRC), Kenya, Madagascar, Niger, Republic of the Congo and Zambia. The group notes that the move is part of its wider strategy to increase...
Airtel Africa has acknowledged that its sale of tower infrastructure in Madagascar, Malawi and Tanzania, while providing immediate short-term revenue, represents a long-term shortfall. This, together with regulatory KYC issues in Nigeria, has impacted its revenue growth. In its financial results for the half year ended 30 September 2022, the telco reported 16.9% constant currency...
Mobile services are now the main means of communication for the majority of the world’s population, supporting economic growth and connecting communities. According to GSMA, effective spectrum licensing is critical to encourage the investment required to expand mobile access, meet the increase in demand for data services and enhance the quality and range of services...
American Tower Corporation’s (ATC) African operations and Airtel Africa plc (Airtel Africa, or the Group) today announced that they have entered a multi-year, multi-product agreement, leveraging ATC’s vast portfolio of communications sites and new site and product development capabilities across its footprint in Kenya, Niger, Nigeria and Uganda in support of Airtel Africa’s network rollout....
Airtel Africa has started selling its telecom towers in Africa. The company, which needs these infrastructures to continue its activities and extend the coverage of its network, calls on independent companies of telecommunications towers like American Tower. The telecommunications group Airtel Africa PLC announced on Monday, October 10, that it had signed a multi-year partnership agreement...
Airtel Africa, one of Africa’s largest telecom groups with a presence in 14 countries across the continent, today announced the signing of a $125-million revolving credit facility with investment banking group Citi through its branch offices/subsidiaries in sub-Saharan Africa. The telecom says that this facility is in line with its strategy to raise debt in...
