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Tag: Airtel

Telcos seek price hike, present demand to lawmakers
Mobile phones

Airtel, Starlink partner to expand satellite mobile connectivity

Airtel Nigeria has attributed the growing viability of satellite-based telecommunications services to recent technological advancements pioneered by SpaceX’s Starlink, noting that such innovations have made satellite connectivity both efficient and affordable. The explanation was given by the Chief Executive Officer of Airtel Nigeria, Dinesh Balsingh, while responding to questions from journalists during the formal announcement […]

Airtel Nigeria to Build West Africa’s largest data centre to rival MTN
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Airtel Nigeria to Build West Africa’s largest data centre to rival MTN

Airtel Nigeria has unveiled plans to construct the region’s largest hyperscale data center in Lagos, intensifying its rivalry with MTN Nigeria and reshaping the digital infrastructure landscape across West Africa. The new facility, set to rise in Eko Atlantic City, will boast a massive 38-megawatt IT load capacity—more than eight times the size of MTN’s […]

Airtel Africa swings to $661m pre-tax profit in FY2025
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Airtel Africa swings to $661m pre-tax profit in FY2025

Airtel Africa has reported a strong financial turnaround in its full-year results for the period ending March 31, 2025, posting a pre-tax profit of $661 million. This is a sharp contrast to the $63 million pre-tax loss recorded in the previous fiscal year. This represents a remarkable 1,147.8% year-on-year growth in reported currency. The telecommunications […]

Airtel Africa swings to $661m pre-tax profit in FY2025
News

Airtel partners SpaceX for Starlink internet service in India

Telecommunications giant Airtel announced on Tuesday a partnership with SpaceX to introduce Starlink’s high-speed satellite internet services in India. This marks a significant step for Elon Musk’s company, which has been seeking entry into the world’s second-largest internet market for years. However, the agreement does not signify an immediate rollout. Airtel clarified that the launch […]

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
News

MTN, Airtel cut $1.2bn debt to reduce FX burden

MTN Nigeria Communications Plc and Airtel Africa have significantly reduced their foreign debt, repaying a total of $1.2 billion in 2024. This move aims to ease the burden of foreign exchange volatility and support their return to profitability. After the naira’s sharp depreciation in 2023, MTN Nigeria and Airtel Africa recorded $1.56 billion in foreign […]

Airtel Nigeria to Build West Africa’s largest data centre to rival MTN
News

300% rise in costs drives inevitable tariff hike – Airtel

Airtel Nigeria’s CEO, Dinesh Balsingh, has emphasized the need for tariff adjustments due to a 300% increase in operational costs over the past 18 to 24 months. In a note shared on Monday, Balsingh cited challenging economic conditions affecting the telecom sector, underscoring the importance of such measures for long-term sustainability. He noted that telecom […]

Airtel Africa swings to $661m pre-tax profit in FY2025
News

Airtel Africa launches second $100m share buyback

Airtel Africa has launched a second share buyback program, committing $100 million to returning value to its shareholders. The company disclosed this in a statement filed with the Nigeria Exchange Group, on Monday. This comes after the successful completion of an initial $100 million share buyback program launched in March this year. The company stated […]

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1
News

MTN, Airtel generate N3.67trn data, voice revenue in 2024 H1

MTN Nigeria Communications Plc and Airtel Nigeria collectively reported revenues of approximately N3.67 trillion from their data and voice services in the first half of 2024, according to an analysis of their financial results. MTN, Nigeria’s largest telecom operator with nearly 80 million subscribers, generated N1.27 trillion during this period, fueled by a substantial increase […]

Apple partners Bharti Airtel to expand streaming services in India
News

Apple partners Bharti Airtel to expand streaming services in India

Apple Inc. has formed a new partnership with Bharti Airtel, India’s second-largest telecom provider, in a move that could significantly bolster its presence in the country’s competitive content market. The collaboration aims to offer free music and video streaming to many of Airtel’s 281 million customers, giving Apple’s services a much-needed boost in a market […]

Airtel Africa CEO Ogunsanya retires, names Taldar successor
Business

Airtel Africa CEO Ogunsanya retires, names Taldar successor

Airtel Africa stated on Tuesday that Chief Executive Officer Olusegun ‘Segun’ Ogunsanya will retire on July 1, 2024, and has thus, appointed Sunil Taldar as his successor. According to Business Day, Taldar, who joined Airtel Africa as Director Transformation in October 2023, will begin the transition to CEO with Ogunsanya. Following the transition phase, Taldar will […]

Telecommunications

Airtel fixes exchange rate at N858/$ for interim dividend

An announcement made by Airtel Africa Plc has revealed that its shareholders would get the interim dividend for the six-month period that concluded in September 2023 in Naira at a rate of N858.24 per dollar. The Punch reported that the Nigerian Exchange Limited received a corporate notification on Tuesday with the headline “Announcement of Interim Dividend Currency […]

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