Bharti sees 15% growth
Bharti Airtel has posted 15% revenue growth and an increase to 252 million customers across 20 countries.
In its results for the fourth quarter ending March 31, Bharti Airtel reported total revenues of USD14.937 million – up by 20% year on year. For Africa, the telco reported revenues at USD4.137 million, up by 43.7% year on year.
In a statement, Sunil Bharti Mittal, Chairman & Managing Director, Bharti Airtel Limited, said: “I am pleased that the year has ended with the Company’s customer base crossing 250 million across twenty countries, the twentieth country being Rwanda.”
Bharti Airtel now offers mobile services in 17 African countries: Nigeria, Burkina Faso, Chad, Congo B, Democratic Republic of Congo, Gabon, Madagascar, Niger, Ghana, Kenya, Malawi, Seychelles, Sierra Leone, Tanzania, Uganda, Zambia and Rwanda.
The company says it now serves 53.14 million customers across these geographies, up from 50.94 million at the end of the previous quarter.
During the past quarter, Bharti Airtel accelerated the roll-out of 3G services by launching in five more countries during the past quarter – Ghana, Sierra Leone, Kenya, Nigeria and Tanzania. The company notes that it has also expanded its Airtel Money service to eight countries, having rolled out to Malawi, DRC and Gabon during the past quarter.
Among its operating highlights for the quarter, Bharti Airtel notes that the government of Burkina Faso has fixed the final price of a 3G licence and Airtel has paid accordingly. In DRC, the government has fixed the 3G licence fee, but the terms and conditions of a licence are still being negotiated.