The latest strategic sale of telecom towers, initiated six months ago by Airtel Africa, is being finalized. It comes after the sale of the telecom towers in Madagascar, Malawi, Chad and Gabon. Telecommunications service provider Airtel Africa announced on Wednesday January 5 that it had secured nearly $ 159 million from SBA Communications Corp and Paradigm...
Last year, in the midst of the Covid-19 crisis, Unicef launched a new global initiative to ensure that millions of children have access to quality education through the Internet. The project has just recorded one of its first financial contributions directed towards Africa. Airtel Africa, the African branch of the Indian telecoms group Bharti Airtel, and...
Airtel Africa – the African division of Indian telecoms group Bharti Airtel – has announced its financial results for the second quarter of its fiscal year, registering strong year-on-year growth in revenue and profit, driven by continuing subscriber take-up and improvements in ARPU. The group recorded total revenue of USD1.16 billion for the three-months to end-September...
Airtel Money will leverage its partnership with African payments company Flutterwave to expand its services to Eastern and Southern Africa. The partnership enables businesses integrating Flutterwave in Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia to receive payments from Airtel Money customers and transact high volumes with Airtel Money’s proprietary Fintech platforms. Airtel said the services...
The Airtel Africa Group has announced the new appointment of Olusegun “Segun” Ogunsanya, as its Managing Director (MD) and CEO. Ogunsanya took the helm of the group as of 1 October 2021. This comes as former CEO, Raghu Mandava, who led Airtel Africa since 2016, was announced to be stepping down from the company’s board of directors...
A new investor will soon join the capital of Airtel Mobile Commerce BV, the branch of Airtel Africa dedicated to Mobile Money. It will be the third after alternative finance company TPG in March and payment system company MasterCard in April. The African branch of the Indian telecoms group Bharti Airtel, Airtel Africa, announced on Friday...
Airtel Africa, the pan-African division of Indian telecoms group Bharti Airtel, has booked revenue of USD1.1 billion for the three months to end-June 2021, up from USD851 million a year earlier. Underlying EBITDA for the period grew by 42% year-on-year to USD534 million, whilst net profit for the quarter more than doubled to USD142 million from USD57...
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...
