Airtel Africa books strong second quarter

29 Oct 2021

Airtel Africa – the African division of Indian telecoms group Bharti Airtel – has announced its financial results for the second quarter of its fiscal year, registering strong year-on-year growth in revenue and profit, driven by continuing subscriber take-up and improvements in ARPU. The group recorded total revenue of USD1.16 billion for the three-months to end-September 2021, an increase of 20.3% y-o-y, supported by double-digit increases in turnover from all of its main operating segments. Revenue from voice services grew by 11.6% y-o-y to USD578 million, whilst the annual improvement in turnover from data and mobile money services each exceeded 30%, rising by 33.0% and 34.6% respectively, to USD377 million and USD135 million. Quarterly underlying EBITDA reached USD564 million, compared to USD437 million (up 29.1%) in the year-ago period, whilst net profit attributable to shareholders more than doubled from USD70 million to USD160 million.

The group counted a total of 122.7 million subscriptions at the end of September 2021 – up from 116.4 million in September 2020 and 120.8 million at end-June 2021 – with expansion at the operator’s East Africa and Francophone Africa divisions offsetting subscriber losses in Nigeria, which the cellco attributed to the implementation of new SIM registration rules. Blended ARPU was USD3.1 for the quarter, compared to USD2.7 in the three months to end-September 2020. The group registered a 10.9% y-o-y increase in mobile data subscriptions to 43.9 million, whilst mobile data ARPU grew from USD2.4 to USD2.9 over the same period and average data usage per subscription grew by 34.1% to 3,455MB.

India, Nigeria, Airtel Africa, Bharti Airtel