New Delhi, India, Nov 1 – Bharti Airtel latest results shows its Africa operations grew revenue by 2.8 percent year on year with earnings before tax margin up by 32.1 percent, and 9.1 percent year on year.
Mobile data traffic has grown by 83.8 percent to 63 billion MBs in the quarter as compared to 34 billio MBs in the corresponding quarter last year.
Data customers increased by 20.1 pc to 21.7 Million from 18.1 Million in the corresponding quarter last year.
Active Airtel Money customer base stood at 9.5 million, increasing the total transaction value on Airtel Money platform by 31.1 percent to $ 4.9 billion.
In a statement, Africa MD and CEO Raghunath Mandava said data penetration has been driving revenue growth with data growing 83.8 percent year on year. In addition to data, Mandava adds, Airtel Money transaction values growing over 30 percent
“This has now enabled the business to sustainably generate positive free cash flows. Our teams remain focused on accelerating growth through the three pillars of increasing mobile penetration, growing the data business and expanding the Airtel money base.”
The groups’ mobile data traffic has grown fourfold to 784 Bn MBs in the quarter as compared to 178 Bn MBs in the corresponding quarter last year.
Mobile broadband customers increased by 33.6percent to 55.2 Mn from 41.3 Mn in the corresponding quarter last year.
Airtel Africa has operations in 17 countries including Kenya, Uganda and Rwanda.