Airtel Africa books strong revenue growth

1 Feb 2021

Airtel Africa, Bharti Airtel’s majority-owned pan-African division, has reported turnover of USD1.03 billion for the three months to end-December 2020, up 17% from USD883 million a year earlier. EBITDA for the period was USD485 million – compared to USD399 million a in the same period of 2019 – whilst net income stood at USD116 million, an increase of 13% year-on-year. CAPEX, meanwhile, grew by 25% y-o-y to USD188 million.

The group accounted for 118.9 million mobile subscribers across its 14 markets – an increase of 2.2% quarter-on-quarter and 11.0% compared to the year-ago period – with a consolidated ARPU of USD2.9, up from USD2.7 a year earlier. Voice services across the group generated revenue of USD566 million (+16.9% y-o-y), whilst turnover from data services grew by 27.0% y-o-y to USD295 million. Data ARPU was unchanged y-o-y at USD2.4, but represented a slight dip from USD2.5 in the quarter to end-September 2020. Airtel Africa counted 40.6 million mobile data subscribes at 31 December 2020, compared to 39.6 million three months earlier and 32.9 million at end-2019. Total data traffic on its networks rose by 68.9% year-on-year to 320,568TB.

India, Airtel Africa, Bharti Airtel