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Airtel Africa revenue rises 7% in Q1, customer base up by 12%

2020-07-24 09:24:00| Telecompaper Headlines

(Telecompaper) Airtel Africa said its revenues increased by 6.9 percent to USD 851 million in the first three months to 30 June from USD 796 million in the same period of 2019 with constant currency revenue growth of 13 percent, which was partially offset by devaluation mainly in Nigeria (6.9%), Zambia (28.3%) and Kenya (4.4%). The revenue growth was largely driven by the growth of the customer base by 11.8 percent to 111.5 million and ARPU growth of 1.6 percent in constant currency.

Tags: by up customer base

 

Airtel, Verizon partner to bring BlueJeans videoconferencing to India

2020-07-14 13:34:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel and Verizon announced a strategic alliance to bring videoconferencing products to businesses in India. As part of this partnership, Airtel will offer enterprise-grade products under the brand name Airtel BlueJeans to customers in India, based onVerizon's videoconferencing platform BlueJeans. 

Tags: partner bring india verizon

 
 

Amazon eyes $2bn stake in Airtel as FAANG companies back Indian telcos

2020-06-04 02:00:00| Total Telecom industry news

Back in April, Facebook made a huge investment into Reliance Jio, committing to the Indian market with a $5.7 billion share of the country’s largest telco. Jio has seen a host of further investments, with Abu Dhabi’s Mubadala Investment Co…read more on TotalTele.com »

Tags: back companies eyes amazon

 

Singtel's FY net profit plunges 65% on charges for regulatory costs at Indian unit Airtel

2020-05-28 13:44:00| Telecompaper Headlines

(Telecompaper) Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of SGD 302 million this quarter, mainly arising from Airtel's provision for the spectrum charge. 

Tags: net costs unit charges

 

Singtels finances take a beating citing COVID-19 and Airtel payouts

2020-05-28 02:00:00| Total Telecom industry news

Singtel’s financial report for the year ending this March have revealed net profit of just $754 million, down 65% on the previous year.   This massive decrease marks the Singaporean telco’s weakest financial performance in over two decades…read more on TotalTele.com »

Tags: finances citing beating payouts

 

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