Airtel Africa Reports Double Digit Growth

Sourced from Comms MEA Airtel Africa has reported double-digit growth and stronger performance in Q2, with revenue up by 19.6% – in spite of interruptions from COVID-19 and the associated restrictions on activities of both consumers and businesses. The telco saw growth across every region; Nigeria revenue increased 20.2% and EBITDA growth of 21.5%, East Africa revenue up 21.9% and EBITDA growth of 35.1%, Francophone Africa revenue up 4.4% and EBITDA growth of 4.1%. Voice and Data led to a mobile revenue increase of 15.3% while Mobile Money revenue grew by 30.4%. Airtel Money now serves over 20million customers. The telco says that it is in a strong financial position to capture the growth opportunities in a fast-growing region that is vastly underpenetrated in terms of mobile and...