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Airtel Nigeria Records Impressive First Quarter Performance

Indian owned telecommunications firmBharti Airtel has said commended the impressive performance of its subsidiary, Airtel Nigeria.

The telecommunications operator in its first quarter ended June 30, 2015 noted that it recorded positive results, amid job cut rumours.

The company said its results for the first quarter ended June 30, 2015 this week and reported revenue growth of just 1 per cent in Africa to $989 000 000 compared to $980 000 000 in the corresponding quarter of last year. Data revenues contributed 12.9 percent to overall Africa revenues.

The quarterly customer base figures on the other hand showed 2.7 per cent growth in the number of African customers between March and June 2015.

Managing Director and Chief Executive Officer of Bharti Airtel Africa, Christian de Faria said, “In the first quarter, Airtel Africa has set the pace for the year, with customer base growing by 13.4 percent to 78.3 million.

“Customer churn has been reduced from 7.0 percent to 5.4 percent, as a result of customer lifecycle management programmes. Minutes grew by 16.0 percent, while data volumes have more than doubled. The data customer penetration at 16.6 percent reflects the untapped potential in the internet space. I am particularly delighted to report that 7.0 million Airtel Money customers are transacting more than $ 1 billion of money every month. We are also satisfied with continued profitable growth in Nigeria”

The quarterly report also confirmed interest by French telecommunications operator Orange in acquiring Airtel operations in Burkina Faso, Congo Brazzaville, Sierra Leone and Chad.

 

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