Bharti Airtel's African arm, Airtel Africa, has posted over two-fold jump in its profit to USD 813 million ( about Rs 7,700 crore) for the fiscal year 2026, mainly driven by tariff adjustments in Nigeria and forex gain, the company said on Friday. Airtel Africa said it plans to list Airtel Money in the second half of 2026. The company, which operates in 14 African countries, had posted a profit after tax (PAT) of USD 328 million in the preceding financial year. "Higher profit after tax in the current period was driven by higher operating profit and derivative and foreign exchange gains of USD 127 million, compared to USD 179 million derivative and foreign exchange losses in the prior period," the company said in a statement. Airtel Money's customer base increased by 21.3 per cent year-on-year to 54.1 million, and transacting customers increased by 74 per cent in FY26. Its annualised total processed value grew by 49 per cent to over USD 215 billion in reported currency in ...
The planned roll-out will augment the number of mobile sites in West Bengal by 35%
Airtel had expressed an interest to acquire the Nigerian firm as part of plans to consolidate its position in Africa's biggest telecoms market