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...
‘Our plan is to bring all this infrastructure in one bucket,’ Ogunsanya said. ‘Once we are able to legally put all this under one structure, then we begin to explore the options to monetise.’ Airtel Africa Plc, one of the continent’s biggest telecommunications companies, is separating its fiber-network operations into a new unit before looking...
Pan-African telecommunications firm Airtel Africa has reportedly stopped investing in new tower infrastructure in Kenya, and other markets across the continent, as it prepares to sell most of its already-existing infrastructure assets. This is in efforts to reduce ownership of infrastructure as Airtel Africa looks towards leasing instead, according to Business Daily Africa. The International Finance...
Airtel Africa PLC and Helios Towers PLC on Friday said that they closed the sale of Airtel Africa’s telecommunications tower company in Malawi to Helios Tower. The sale of Airtel Africa’s tower company in Malawi was first announced in March of last year. In February of this year, the companies both noted that they were...
The debt financing package will reportedly comprise $150 million direct investment from the International Finance Corporation (IFC) and a further $44 million from its Managed Co-Lending Portfolio Program (MCPP) Bharti Airtel’s African unit is having something of a resurgence in recent years. Back in the summer of 2019, Airtel Africa’s initial public offering (IPO) on...
Over the past five years, competition has increased in the telecommunications sector in Africa. Airtel Africa, which recognizes declining markets, is multiplying actions to regain competitiveness. The International Finance Corporation (IFC), a branch of the World Bank focused on financing the private sector in emerging countries, is proposing to invest $194 million in the form of...
