This follows a slew of other tower sales by the telco and these infusions will help the telco recharge its finances for its intense battle with Reliance Jio Infocomm (Jio), and pay statutory dues. Airtels consolidated net debt at March end stood at Rs1.5 lakh crore.
/PRNewswire/ The Global Fiber Optic Cables market will grow by USD 2 Billion as we reach 2024. This is due to the impact of the COVID-19 pandemic in 2020..
“We are delighted to appoint (Segun) Ogunsanya as the (Airtel Africa) Group s next CEO. He has displayed significant drive and energy in turning around the Nigeria business by focusing on network modernisation, distribution, and operational efficiency,” Bharti Enterprises chairman Sunil Mittal said in a media statement.
Olumuyiwa Olowogboyega
6th April 2021 The logo of telecommunications company Airtel is pictured on an umbrella and chairs set up by vendors in Abuja, Nigeria July 9, 2019. REUTERS/Afolabi Sotunde.
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In 2020, there were 1.2 billion registered mobile money accounts in the world with the mobile money industry processing $2 billion daily. Mobile money users in Africa are responsible for a large chunk of that growth.
While Africa is a big market for mobile money, the Sub-Saharan (SSA) region is where most of the action is happening. SSA added 50 million new mobile money accounts in 2019 alone.
But what’s more remarkable is that of the 300 million monthly active mobile money users worldwide, 159 million are in SSA. The growth in users is translating to increased revenues for the telcos like Airtel Africa that offer mobile money services across Africa.