Airtel Africa records broad growth in half year results

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Highlight</h3> <div class="substainable-moredesc"> <p><p>“The sustained operating momentum over the period is testament to our teams’ ability to execute our strategy brilliantly.” - Sunil Taldar, CEO of Airtel Africa.</p></p> </div> <div class="comment-count comment-authorname"> <div class="fright1"> <div class="blog-comment nomarginbott"> <a href="https://www.financialnigeria.com/airtel-africa-records-broad-growth-in-half-year-results-news-2791.html"><span class="sprites comment-icon"></a></span><a href="https://www.financialnigeria.com/airtel-africa-records-broad-growth-in-half-year-results-news-2791.html#disqus_thread"><span class="disqus-comment-count" data-disqus-identifier="news-2791-identifier">0 Comments</span></a> </div> </div> <div class="clear"></div> </div> </div> </div> <div class="clear"></div> <div class="image-tag">Airtel logo</div> <br /> <div class="news-detail-section"> <p><p>Airtel Africa has released its half year results for the period ended 30 September 2024. The pan-African mobile network operator said its sustained operating momentum reflects its continued execution against significant growth opportunity.<br /><br />According to the report, total customer base grew by 6.1% to 156.6 million. Data customer penetration was on the increase, driving a 10.4% increase in data customers to 66.0 million. Data usage per customer increased by 30.9% to 6.6 GBs, with smartphone penetration increasing 5.3% to reach 42.9%.  <br /><br />Other highlights show mobile money subscribers of 41.5 million, increased by 13.4%. Airtel Africa says this reflects its continued investment into distribution to support increased financial inclusion across the company’s markets. Transaction value also increased by 30.1% in constant currency with annualised transaction value of $128 billion.<br /><br />“The sustained operating momentum over the period is testament to our teams’ ability to execute our strategy brilliantly,” said Sunil Taldar, CEO of Airtel Africa, who also hinted that the company will build and scale up its B2B and home broadband business segments.</p></p> <br /> <span class='st_facebook_hcount' displayText='Facebook' st_via="FinancialNG"></span> <span class='st_twitter_hcount' displayText='Tweet' st_via="FinancialNG"></span> <span class='st_googleplus_hcount' displayText='Google +' st_via="FinancialNG"></span> <span class='st_linkedin_hcount' displayText='LinkedIn' st_via="FinancialNG"></span> <div class="clear"></div> </div> <div class="sustainable-development-cnt"> <h2 class="page-heading"><span class="sprites latestnews-ico"></span> Related News</h2> <ul class="sustainable-list related-news"> <li> <div class="sustainable-img"><img src="https://d2h59e6b7hdi10.cloudfront.net/WS/image_resize/?pic=aHR0cHM6Ly9kMmg1OWU2YjdoZGkxMC5jbG91ZGZyb250Lm5ldC9wdWJsaWMvdXBsb2FkL25ld3NfaW1hZ2VzLzI3NzYvQWlydGVsMi0yMDI0MTAwOTE1Mjg1MDgzODkuanBn&height=196&width=296&color=FFFFFF" alt="image"></div> <div class="sustainable-desc"> <h2><a href="https://www.financialnigeria.com/airtel-africa-announces-leadership-changes-at-airtel-nigeria-news-2776.html" class="blacklink">Airtel Africa announces leadership changes at Airtel Nigeria</a></h2> <div class="short-des"><p>Dinesh Balsingh becomes the Managing Director and Chief Executive Officer at Airtel Nigeria.</p></div> <div class="blog-comment nomarginbott"> <a href="https://www.financialnigeria.com/airtel-africa-announces-leadership-changes-at-airtel-nigeria-news-2776.html"><span class="sprites comment-icon-dark"></a></span><a href="https://www.financialnigeria.com/airtel-africa-announces-leadership-changes-at-airtel-nigeria-news-2776.html#disqus_thread"><span class="disqus-comment-count" data-disqus-identifier="news-2776-identifier">0 Comments</span></a> </div> </div> </li> <li> <div class="sustainable-img"><img src="https://d2h59e6b7hdi10.cloudfront.net/WS/image_resize/?pic=aHR0cHM6Ly9kMmg1OWU2YjdoZGkxMC5jbG91ZGZyb250Lm5ldC9wdWJsaWMvdXBsb2FkL25ld3NfaW1hZ2VzLzI1NzQvU2VndW5fT2d1bnNhbnlhLTIwMjIxMjA3MTI1MTI5ODU0OC5qcGc%3D&height=196&width=296&color=FFFFFF" alt="image"></div> <div class="sustainable-desc"> <h2><a href="https://www.financialnigeria.com/ifc-provides-airtel-africa-194-million-in-local-currency-loans-news-2574.html" class="blacklink">IFC provides Airtel Africa $194 million in local currency loans</a></h2> <div class="short-des"><p>IFC said its digital strategy in Africa aims to enable ubiquitous, reliable, and affordable connectivity.</p></div> <div class="blog-comment nomarginbott"> <a href="https://www.financialnigeria.com/ifc-provides-airtel-africa-194-million-in-local-currency-loans-news-2574.html"><span class="sprites comment-icon-dark"></a></span><a href="https://www.financialnigeria.com/ifc-provides-airtel-africa-194-million-in-local-currency-loans-news-2574.html#disqus_thread"><span class="disqus-comment-count" data-disqus-identifier="news-2574-identifier">0 Comments</span></a> </div> </div> </li> <li> <div class="sustainable-img"><img src="https://d2h59e6b7hdi10.cloudfront.net/WS/image_resize/?pic=aHR0cHM6Ly9kMmg1OWU2YjdoZGkxMC5jbG91ZGZyb250Lm5ldC9wdWJsaWMvdXBsb2FkL25ld3NfaW1hZ2VzLzIzNDUvYWlydGVsX21vbmV5LTIwMjEwMzE4MTEyNjM5NjU3Ni5qcGc%3D&height=196&width=296&color=FFFFFF" alt="image"></div> <div class="sustainable-desc"> <h2><a href="https://www.financialnigeria.com/airtel-sells-stake-in-mobile-money-business-to-rise-fund-for-200-million-news-2345.html" class="blacklink">Airtel sells stake in mobile money business to Rise Fund for $200 million</a></h2> <div class="short-des"><p>The telecom company said the transaction is the latest step in its pursuit of strategic asset monetisation and investment ...</div> <div class="blog-comment nomarginbott"> <a href="https://www.financialnigeria.com/airtel-sells-stake-in-mobile-money-business-to-rise-fund-for-200-million-news-2345.html"><span class="sprites comment-icon-dark"></a></span><a href="https://www.financialnigeria.com/airtel-sells-stake-in-mobile-money-business-to-rise-fund-for-200-million-news-2345.html#disqus_thread"><span class="disqus-comment-count" data-disqus-identifier="news-2345-identifier">0 Comments</span></a> </div> </div> </li> </ul> <div class="clear"></div> </div> <div class="comment-section"> <script type="text/javascript"> var disqus_config = function() { this.page.remote_auth_s3 = "W10= 4d1d28c5714106c88084c97f8fc169a18b308d2e 1732387173"; this.page.api_key = "l4kvcHI4WMWo2fVgTfftZp2j7ABeedKaHIpQxasgA5sWN88akgwVD4ZHaeLCtk2S"; var disqus_shortname = 'financial-nigeria'; // Required - 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