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This Is How Much Profit Airtel Made from Its Africa Operations in The Last Quarter.

The guys who handle Airtel’s operation in Africa are probably feeling this way:

Majorly because the Telco turned profitable in Africa for the first time ever! Airtel in the last earnings report disclosed a $6 million profit from Nigeria and other African countries (Chad, Congo B, Democratic Republic of Congo, Gabon, Madagascar, Niger, Ghana, Kenya, Malawi, Seychelles, Tanzania, Uganda, Zambia, and Rwanda) where it operates. This is largely due to the increase in the data customer base and consumption.

Meanwhile, they recorded a significant loss —a 72% drop in quarterly profit — in the home market due to intense competition.

According to Raghunath Mandava, chief operating officer of Airtel Africa:

“Our efforts to deliver a profitable business model for Africa have resulted in EBITDA growth of 36.0% with margin expanding by +500 basis points on an underlying basis in FY 16-17. For the first time ever, African operation has delivered positive PBT (profit before tax) in the financial year (constant currency).”

At the moment, they control 22.8% market share in Nigeria with 34,656,605 million subscribers. They are also the ONLY Telco in Nigeria that recorded an increase in its subscriber base.

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    7 comments on “This Is How Much Profit Airtel Made from Its Africa Operations in The Last Quarter.

    1. That’s impressive, long as they keep offering good and affordable services, they’ll keep profiting.. Congratulations to them!

    2. KingAbsolute says:

      If you cleverly study the consumers at a particular period, you’ll know what they need, serve it to them and own the market for that period.

      Word from an economist.

    3. ỌBÁDÁRÀ says:

      … WELL, EVEN THOUGH AM NOT A SHAREHOLDER IN THE BUSINESS, AM STILL HAPPY 😊 THAT AIRTEL IS GROWING BIGGER AND MAKING PROFITS, I JUST LOVE THE NETWORK AND I CAN’T EVEN EXPLAIN WHY.
      LET’S SEE WHAT THEIR 4G LTE WILL BRING TO THE PARTY. WE CAN PUSH GLO OFF THE SECOND POSITION…

    4. Pwilliams says:

      me too…. they are my favorite

    5. Am not really a fan of airtel… they made the biggest mistake of there life cancelling the unlimited night plan.. after they scrapped that plan,i threw away my son card In the gutter and ported to glo..

    6. I meant SIM card lol not son

    7. Royd says:

      Meanwhile in Kenya, they made some 300M ksh loss, an improvement. That is 3M US dollars. They have like 25% market share and they don’t invest in anything yet back in the 2000’s, they had 50%.
      This is happening while the abusive dominant service provider in Kenya made 45.1 Billion Kenya shillings (that is 451M US dollars: 75.6 times Airtel profit) Net profit (in Kenya only) . That is a super profit… The only other company doing that is Apple considering Kenya has a total population of 42M and 38M mobile subscribers.

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