Airtel Africa recently released their half-year earnings results ended 30th September 2019. The telco’s customer base increased by 10% to 104 million. Revenue rose by 8.4% in the second quarter of the year.
In addition, Airtel Africa reported growth in all its services including voice, data, mobile money at 3.2%, 37.8% and 46.5% respectively. In East Africa, Airtel’s Mobile Money Services fell behind Safaricom M-pesa and Equitel.
The financial report also states that East Africa had a 5.8% growth in revenue.
Airtel Africa plans to invest in the 4G network quality for high-speed connectivity. The company confirmed that it has completed the network modernization exercise in nine countries; Kenya, Uganda, Zambia, Malawi, Rwanda, Congo B, Gabon, Madagascar and Seychelles.
Airtel Kenya is still pursuing a merger deal with Telkom Kenya.
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