Airtel Africa PLC has on Wednesday, June 2, said that it has agreed to sell Airtel Tanzania’s tower portfolio to a joint venture owned by a subsidiary of SBA Communications Corp. and Paradigm Infrastructure Ltd. for $175 million. SBA Communications is an independent owner and operator of wireless communications infrastructure, while the UK-based Paradigm Infrastructure...
Revenue for the quarter ended March 31 rose 15.4% to $1.04 billion, the company said in a statement Wednesday. Bharti Airtel’s Africa business reported a net profit of $154 million in the fourth quarter this fiscal which doubled on-year and jumped 32.7% sequentially on the back of strong growth in data and mobile money revenue, besides lower interest and...
Olusegun Ogunsanya will succeed Raghunath Mandava who will retire from his post and as director on Airtel Africa PLC’s board on 30 September, the company said. Before Airtel Africa, Ogunsanya held senior managerial roles at beverage maker Coca-Cola in Ghana, Nigeria and Kenya NEW DELHI : Bharti Airtel Ltd has appointed Olusegun Ogunsanya as the managing...
Airtel Africa has denied reports that it plans to halt operations in Kenya. The rumours were reported by Techweez after Prasanta Das Sarmato, CEO of Airtel Kenya, assessed the viability of the company after The National ICT Policy 2019 was signed. “Equity Participation, a clause in the policy states that only companies with at least 30% substantive...
Airtel Africa PLC has secured a new USD500 million loan facility with a group of relationship banks, it said on Wednesday. The telecommunication services provider said the new committed facility consists of a combination of a revolving credit facility and term loans with tenor of up to 4 years. The facility will be used to...
Mastercard will invest US$100-million (R1.5-billion) in Airtel Africa’s mobile money operations, valuing the business at $2.65-billion (R39.2-billion), the London-listed company said on Thursday. Mastercard will hold a minority stake in Airtel Mobile Commerce, in line with Airtel Africa’s plan to monetise the mobile money business by selling up to a 25% stake in the unit, the...
Airtel Africa plans to be the number one service provider across all fourteen countries it services on the continent. The telecommunications operator made headlines recently after concluding infrastructure acquisition agreements with Helios Towers, as well as Rise Fund investment of US$200-million in Airtel Mobile Commerce BV (AMC BV). Recently Airtel Africa penned an agreement with...
Helios Towers enters into agreements with Airtel Africa Group companies for the acquisition and rollout of over 2,500 sites Supports the Group’s entrance into four attractive new markets Includes build-to-suit commitment for 315 additional new sites London, 23 March 2021: Helios Towers plc (“Helios Towers”, the “Group”), the independent telecommunications infrastructure company, has signed agreements...
Airtel Africa announced the signing of an agreement under which The Rise Fund, the global impact investing platform of TPG, will invest USD 200 million in Airtel Mobile Commerce. AMC is the holding company for several of Airtel Africa’s mobile money operations and is now intended to own and operate the mobile money businesses across...
The year 2020 has been difficult even for the telecommunications sector. Airtel Africa thus ended the first 9 months of the year with mixed performances. Financial charges of $ 318 million for the 9 months ending December 31, 2020, up 41.4% compared to the same period in 2019, weighed on Airtel Africa’s performance, we learn from...
