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The Future of African Telecom Business

The Airtel Africa's 11th Consecutive Quarter of Double-digit Revenue Growth  - Tekedia

Airtel Africa's earnings show the future of telecom business in Africa: data and financial services. The 9-month 2020 data below.

  • Revenue increased to $2.85 billion, +13.01% YoY.
  • Revenue from voice increased to $1.54 billion, +5.35% YoY.
  • Revenue from data increased to $842 million, +24.37% YoY.
  • Revenue from mobile money increased to $291 million, +27.63% YoY.

The company reported "a pre-tax profit of $482 million in the 9-month period of 2020 compared to $501 million recorded in the corresponding period of 2019 – a 3.8% decline", note Nairametrics.