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Airtel Africa Plc on Wednesday reported a 14.2 per cent ($3.91bn) growth in income in its Q1 2021 earnings.
The company said it recorded revenue growth across all its regions: Nigeria by 21.9 per cent; East Africa by 23.5 per cent and Francophone Africa by 10 per cent.
Revenues for voice was up by 11 per cent, data was up 31.2 per cent and mobile money was up 35.5 per cent.
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Published 13 May 2021
Airtel Africa Plc has said it lost 2.5 million active mobile customers in the first quarter of the year due to the Nigerian Communications Commission ban on SIM card sales and registration.
The Chief executive officer, Airtel Africa plc, Raghunath Mandava, made this known in the company’s financial statement for the year ending march 2021.
He said, “Our customer base also grew strongly for most of the year with new customer registration requirements in Nigeria stemming our onboarding of new customers in the final quarter, and these restrictions were lifted in second half of April.”
Following a directive by the NCC in December 2020, Nigerian telecom operators had been unable to sell SIM cards to customers.
Views: Visits 4 By Okoh Aihe GOOD news is almost a rarity in the land; so, when it comes, we almost have to stand on the rooftop to celebrate it with big megaphones in our hands. The other day we celebrated Dr. Ngozi Okonjo-Iweala for clinching the top job as the Director General of the World Trade Organisation, WTO, the first woman ever. From that seat, she will preside over global trade and trade relations. Some chunk of good news. But that looks like decades ago taking into consideration the grinding life Nigerians have to endure each passing day. Last week there was significant development in the telecommunications industry. Airtel Africa picked Mr. Olusegun Ogunsanya as the new Managing Director and Chief Executive Officer, to step into the shoes of Raghunath Mandava who is going into retirement on September 30, 2021.
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Olusegun Ogunsanya: A telecoms luminary gets a big continental call
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By Okoh Aihe
GOOD news is almost a rarity in the land; so, when it comes, we almost have to stand on the rooftop to celebrate it with big megaphones in our hands. The other day we celebrated Dr. Ngozi Okonjo-Iweala for clinching the top job as the Director General of the World Trade Organisation, WTO, the first woman ever. From that seat, she will preside over global trade and trade relations.
Some chunk of good news. But that looks like decades ago taking into consideration the grinding life Nigerians have to endure each passing day. Last week there was significant development in the telecommunications industry. Airtel Africa picked Mr. Olusegun Ogunsanya as the new Managing Director and Chief Executive Officer, to step into the shoes of Raghunath Mandava who is going into retirement on September 30, 2021.
Ogunsanya becomes MD and CEO Bharati Airtel s Africa Operations
Olusegun “Segun” Ogunsanya will succeed Raghunath Mandava as Director at Airtel Africa PLC’s board on 30 September
In a company statement on Thursday, Bharti Airtel Ltd announced the appointment of Olusegun Ogunsanya as the Managing Director and Chief Executive Officer (MD and CEO) of its Africa subsidiary.
Ogunsanya will succeed Raghunath Mandava as Director at Airtel Africa PLC’s board on 30 September. Bharti Airtel also announced the appointment of Jaideep Paul, who is currently the Chief Financial Officer of the Africa Unit, as an executive director on the company’s board, effective 1 June.