Airtel’s African business sees strong growth, fuelled by high demand in Nigeria

Airtel Africa now has over 107 million subscribers spread across the continent
Africa, Airtel, Airtel Africa, FY2020, Finance, Telecoms

Share

Bharti Airtel’s African subsidiary, Airtel Africa has posted a strong set of financials for FY2020, fuelled by strong demand for its services in Nigeria.

Airtel Africa saw revenues grow by 11.2 per cent to $3.42 billion for the financial year to April 2020.

The figures were buoyed by a 24.1 per cent rise in revenues in its Nigerian division. Nigeria remains Africa’s most populous telecoms market and is seeing strong demand for mobile services, particularly 4G and mid tier smartphone handsets.

Many countries in Airtel’s African portfolio have been placed into lockdown, as governments attempt to limit the spread of the Covid 19 virus. This has caused a huge spike in demand for capacity across the continent. Despite this surge in demand, Airtel Africa’s chief executive officer, Raghunath Mandava told journalists from Reuters that it was difficult to predict the long term impact of the epidemic on Airtel’s businesses in Africa.

“In Africa, the spread of COVID-19 has lagged the rest of the world and, therefore, it is difficult to precisely forecast what the impact of this will be on customers and business. However, our performance during the month of April has been resilient,” he said.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story