- Saturday, May 11, 2024
By: Radhakrishna N S
INDIAN telecommunication giant Airtel crossed the 100-million-subscriber mark in Africa, the company said on Wednesday (28).
The latest milestone achieved by the Sunil Mittal-founded business in the African market is expected to reduce the impact of the challenge the company is facing in India.
The subscriber base of Bharti Airtel moved down to 324 million in the last 24 months from around 381 million in 2017.
During the last two years, the Indian telecommunication giant gained around 20 million new customers in Africa.
Commenting on the company’s latest achievement, Raghunath Mandava, Airtel Africa’s chief executive officer, said: “…This achievement is testament to the hard work of our employees and a clear reflection that customers value our network, service offerings, and customer experience.
“The positive momentum we have seen in customer acquisition, further underpins our medium-term aspirations for revenue and profit growth.”
Airtel Africa’s footprint is characterised by low but increasing mobile connectivity, with a unique user penetration at 43 per cent, highlighting the potential for growth.
“The company believes in enhancing connectivity and digitising the countries in which it operates and has invested to expand its network footprint and the number of 4G sites to enhance network capabilities and support its future business growth.” Airtel Africa said in a statement.
Airtel Africa is a leading provider of telecommunications and mobile money services, with a presence in 14 countries, primarily in East, Central, and West Africa.
