AIRTEL AFRICA ACHIEVES 100m SUBSCRIBERS MILESTONE – Malawi News Online
A statement released last Thursday has said that Airtel Africa has reached 100 million subscribers, which has been attributed to an under-penetrated telecom market, rising smartphone affordability along with low data penetration in Africa.
In the statement, Airtel Africa’s Chief Executive Officer Raghunath Mandava said the positive momentum they have seen in the customers underpins their medium-term aspirations for revenue and profit growth.
Mandava added that the telecommunication service provider footprints are characterised by low but increasing mobile connectivity with unique user penetration of 43%. “We believe in enhancing connectivity and digitizing the countries in which it operates has invested to expand its network footprints and number of 4G sites to enhance network capabilities and support its further business growth,” said the CEO.
Airtel Africa is a leading telecommunication and mobile money services, with presence in 14 countries in Africa, primarily in East Africa and Central and West Africa.