Tag Archives: Airtel Africa

…Foreign direct investments dip by 78% in H1 2021 Two major operators in Nigeria telecoms sector, MTN Nigeria and Airtel Africa Plc, have attracted a total of $2billion (approximately N822.66billion) investment into their operations. This is even as foreign direct investments (FDIs) into the industry dipped sharply by 78 per …

Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa,  reported in its results for the quarter ended 30 June 2021 that its customer base grew by 8.4% to 120.8 million (from 111.5 million in H1 2020), with increased penetration across …

In a bid to boost its mobile money arm, Airtel Africa Plc has announced that it has secured a $200m investment from Qatar Holding LLC. According to a statement released by the company, the proceeds of the investment will be used to reduce its debt and invest in network and …

The subscriber base of Airtel Africa has grown by 6.9% to 118.2 million, with increased penetration across mobile data (customer base up 14.5%) and mobile money services (customer base up 18.5%). However, the recent slowdown in customer base growth has been due to new SIM registration regulations in Nigeria. Sub-Saharan …

Segun Ogunsanya will replace Raghunath Mandava, who will be retiring as Managing Director and Chief Executive Officer of Airtel Africa.  Segun Ogunsanya will join the Board of Airtel Africa with effect from 1 October 2021. SegunOgunsanya joined Airtel Africa in 2012 as Managing Director and CEO Nigeria and has been responsible …

Telecommunications giants and leading provider of telecommunications and mobile money services, Airtel Africa on Wednesday announced the successful signing of a new $500 million loan facility with a group of relationship banks. The creditors include a diverse group of existing global relationship banks, Bank of America, BNP Paribas, Citibank, HSBC, …

Bharti Airtel Ltd’s Africa unit on Friday reported a 13.1% year-on-year (y-o-y) increase in net profit to $116 million in the quarter ended December, driven by growth in key metrics such as average revenue per user. The telecom operator had posted a net profit of $88 million during July-September quarter. …

Airtel Nigeria has paid the Nigerian Communications Commission (NCC) N71.611billion ($189 million) being licence renewal fees for spectrum in the 900MHz and 1800MHz bands. A statement by Airtel Africa stated that the application for the spectrum bands renewal for its Nigerian subsidiary, Airtel Networks Limited, has been approved by the …

Airtel Africa Plc at the weekend  reported a 57 per cent slump in profit after tax in the quarter ended June 30, 2020 on the back of the impact of the COVID-19 pandemic. The African unit of the Indian-based telecom company reported $57m profit after tax as against $132m in …

The Nigeria equities market on Thursday closed on a positive note with a gain of 0.83 per cent to extend the previous day positive sentiment to two consecutive trading days, following value appreciation on Airtel Africa, MTN Nigeria Communications (MTNN) and 15 other stocks. In summary, the All-Share Index (ASI) …