Page 3 - Airtel Africa

Airtel Africa inducted into London Stock Exchange's FTSE 100 index

Bharti Airtel on Thursday said its subsidiary Airtel Africa has been inducted into the London Stock Exchange's (LSE) FTSE 100 index.

Airtel Africa Q2 net profit more than doubles to $192 million

Airtel Africa profit after tax more than doubled to USD 192 million in the second quarter ended September 30, but concerns around COVID-19 remain

Airtel's Nxtra to invest Rs 5,000 cr to triple data centre capacity by 2025

Bharti Airtel's subsidiary Nxtra on Thursday said it will invest Rs 5,000 crore to triple its data centre capacity by 2025.

Airtel Africa profit after tax zooms to $142 million in June quarter

Airtel Africa provides telecom and mobile money services and has presence in 14 countries in Africa

Airtel Africa Q1 profit zooms to $142 million amid all-round growth

Airtel Africa logged strong revenue growth across all regions

Airtel clocks over 1,000 Mbps speed during 5G trial with Nokia in Mumbai

Telecom operator Bharti Airtel recorded a speed of over 1 Gigabit per second during a 5G field trial in Mumbai using Finnish firm Nokia's network gear, according to sources.

Airtel Africa sells tower portfolio in Tanzania for about $175 million

Airtel Africa is a provider of telecommunications and mobile money services with a presence in 14 countries across the continent

Airtel Africa net profit doubles to $154 million in March quarter

Airtel Africa said for the full year ended March 31, the reported revenue grew 14.2 per cent to $3,908 million

Top headlines: GST collections at record high; chaos mars polling in Bengal

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Mastercard to invest about Rs 733 crore in Airtel Africa's mobile money biz

Sources privy to the development said Mastercard would get about 3.75 per cent stake in the company

Airtel Africa to sell 1,424 towers to Helios for $119 million

Airtel Africa will sell 1,424 towers in Madagascar and Malawi to Helios Towers for USD 119 million, Bharti Airtel said in a regulatory filing. The two companies have also entered into agreement for tower assets in Chad and Gabon but particulars of the deal were not disclosed. "Airtel Africa today (on Tuesday) announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers plc. "The Group's tower portfolios in these two markets together comprise 1,229 towers which form part of the Group's wireless telecommunications infrastructure network," the filing said. The transaction is expected to close in the last quarter of 2021. Airtel Africa has also signed a pact with Helios Towers for sale of additional 195 sites across Madagascar and Malawi over the three years following completion for USD 11 million. "In addition, Airtel Africa has entered into exclusive memorandum of understanding agreements for the potential sale of its

Airtel Africa explores listing mobile money business in four years

TPG Rise Fund to invest $200 mn in the brand

Top headlines: Mumbai staring at night curfew, Adani Green raises $1.35 bn

RBI may have to delay liquidity normalisation amid rising virus cases, TPG's Rise Fund to invest $200 mn in Airtel Africa mobile money biz and other top headlines of the day

TPG's Rise Fund to invest $200 mn in Airtel Africa mobile money biz

The transaction values Airtel Africa's mobile money biz at $2.65 bn

December quarter post-tax profit at Airtel's Africa arm up 13% to $116 mn

Revenue rises 14% to $2,870 mn; Mobile money revenue up 41%, data revenue rises 27% in constant currency terms

Airtel Africa planning to sell 4,500 towers to reduce its $3.5 bn debt

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

Airtel Africa's profit falls 9% to $88 million on higher finance cost

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

Airtel Africa Apr-Sept profit drops 37% to $145 mn, revenue up 10.7%

The company had posted a profit after tax of USD 228 million for the same period a year ago

Airtel Africa reports $57 mn profit, falling 53% in constant currency terms

Indian company's revenue grew in constant currency terms across all key business segments

Airtel Africa reports fall of 21% in net profit at $65 mn for March qtr

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