Revenue rises 14% to $2,870 mn; Mobile money revenue up 41%, data revenue rises 27% in constant currency terms
Airtel has a repayment of 750 million euros ($890 million) due in May, while an installment of $505 million is due in March 2023, according to the annual report
In constant currency terms, Airtel Africa recorded a growth of 19.5 per cent to $472 million in operating profit on a constant currency basis
The company had posted a profit after tax of USD 228 million for the same period a year ago
Indian company's revenue grew in constant currency terms across all key business segments
The African arm of Bharti Airtel reported 15% on-year rise in revenue and 1.81 % sequentially to $899 million, driven by strong contributions from the voice, data and mobile money verticals
Operating profit for the telecom entity rose 24 per cent to $399 million.
It added that the group has adequate committed and non-committed facilities to operate as a going concern.
The revenue of Airtel Africa grew 9.8 per cent to $844 million during the reported quarter from $769 million in the corresponding quarter of 2018-19
The operator continues to invest in the 4G network, having added nearly 1,500 sites
Airtel is preparing for the launch of the Mobile Money business in Nigeria
This was Airtel Africa's first results announcement after the $750-million initial public offering in June
Airtel Africa operates across 14 African countries and has over 100 million customers
Airtel Africa sale is among the largest IPOs announced in 2019 in London.
Additionally, Airtel Africa is also considering listing its shares on the Nigerian Stock Exchange
With this fresh investment, the overall debt of Bharti Airtel will reduce to $3.5 billion
The company is in a dialogue with the Government of Tanzania for clarifications, the spokesperson added
Bharti Airtel operates in 14 African countries and all the operations are managed by Bharti Airtel International
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