Airtel Africa

Telecom operator Bharti Airtel said its African arm Airtel Africa on Thursday posted a 7.5 per cent growth in profit after tax at USD 193 million, about Rs 1,586 crore, in the third quarter ended December 2022. The company had posted a profit after tax (PAT) of USD 180 million in the same period a year ago. "Providing affordable, innovative and essential services to customers in our 14 markets with unparalleled network quality and customer service is integral to our ambition of transforming lives across Africa. These strong results are testament to this strategy despite the current macro-economic and geopolitical uncertainties," Aitel Africa Chief Executive Officer Segun Ogunsanya said in a statement. The revenue of Airtel Africa during the reported quarter increased by 10.7 per cent to USD 1,350 million from USD 1,219 million in December 2021 quarter. In constant currency term, revenue of Airtel Africa grew 18 per cent. Total customer base of Airtel Africa increased by 10.1 per c

Airtel Africa's revenue grew 12.7 percent on a reported basis and 18.5 percent in constant currency, to $1,308 million in Q2 September 2022

Airtel Africa has signed up for a USD 125 million revolving facility from American banking major Citi.

The company had issued a tender offer to purchase USD 300 million worth of its 5.35 per cent guaranteed senior notes of $1 billion due 2024.

The company had issued a tender offer to purchase USD 300 million worth of its 5.35 per cent guaranteed senior notes of USD 1 billion due 2024.

Airtel Africa reported a 54.4 per cent increase in profit after tax (PAT) to $180 million for the December 2021 quarter.

Bharti Airtel on Thursday said its subsidiary Airtel Africa has been inducted into the London Stock Exchange's (LSE) FTSE 100 index.

Airtel Africa profit after tax more than doubled to USD 192 million in the second quarter ended September 30, but concerns around COVID-19 remain

Bharti Airtel's subsidiary Nxtra on Thursday said it will invest Rs 5,000 crore to triple its data centre capacity by 2025.

Airtel Africa provides telecom and mobile money services and has presence in 14 countries in Africa

Airtel Africa logged strong revenue growth across all regions

Telecom operator Bharti Airtel recorded a speed of over 1 Gigabit per second during a 5G field trial in Mumbai using Finnish firm Nokia's network gear, according to sources.

Airtel Africa is a provider of telecommunications and mobile money services with a presence in 14 countries across the continent

Airtel Africa said for the full year ended March 31, the reported revenue grew 14.2 per cent to $3,908 million

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Sources privy to the development said Mastercard would get about 3.75 per cent stake in the company

Airtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for USD 119 million, Bharti Airtel said in a regulatory filing. The two companies have also entered into agreement for tower assets in Chad and Gabon but particulars of the deal were not disclosed. "Airtel Africa today (on Tuesday) announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers plc. "The Group's tower portfolios in these two markets together comprise 1,229 towers which form part of the Group's wireless telecommunications infrastructure network," the filing said. The transaction is expected to close in the last quarter of 2021. Airtel Africa has also signed a pact with Helios Towers for sale of additional 195 sites across Madagascar and Malawi over the three years following completion for USD 11 million. "In addition, Airtel Africa has entered into exclusive memorandum of understanding agreements for the potential sale of its

TPG Rise Fund to invest $200 mn in the brand

RBI may have to delay liquidity normalisation amid rising virus cases, TPG's Rise Fund to invest $200 mn in Airtel Africa mobile money biz and other top headlines of the day

The transaction values Airtel Africa's mobile money biz at $2.65 bn