Mr Raghunath Mandava, Airtel Africa’s Chief Executive Officer, said the telecoms service provider had crossed the 100 million subscriber mark across its operations.
“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. I would like to take this opportunity to thank all the teams that have worked hard to get us here,” said Mandava.
According to him, 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 across its footprint.
He said the company believed in enhancing connectivity and digitising the countries in which it operated and had invested to expand its network footprint and number of 4G sites to enhance network capabilities and support its future business growth.
Mandava explained that a combination of an under-penetrated telecom market, a young addressable population and rising Smartphone affordability, along with low data penetration and an under banked population, would drive the growth opportunities for the data and mobile money segments moving forward.