Bharti Airtel says African sales rise 17% y/y in April-June 2012.

By bne IntelliNews August 9, 2012
Indian telecoms group Bharti Airtel said its African operations generated a revenue of USD 1.07bn for the three months to end-June 2012, up 17% y/y in constant currency terms, helped by a 21% annual growth in its client base. During the quarter, the company added 2.7 million customers in Africa , boosting their total number to 55.9 million. The ARPU for the quarter was USD 6.5 per month. Non voice revenue, which includes among others income from the increasingly popular data services, contributed approximately 12.9% to the total revenue. Airtel, which provides mobile services in 17 African countries, offers also mobile money transfer services in 12 countries and 3G services in 7 countries. The company added 150,000 selling outlets during the quarter, raising their total number to 1.24 million outlets, and expects to become Africas largest retailer by 2013. Airtels EBITDA in Africa rose 12% y/y to USD 275mn, boosted by the strong growth in revenues. The EBITDA margin slightly improved to 25.8% in the June 2012 quarter from 25.2% a year earlier. Investments in network expansion, head start in 3G rollout, the Rwanda launch, stepping up of marketing campaigns including airtel money and distribution expansion resulted in a lower EBITDA compared to the previous quarter ended March 31, 2012, Airtel said in a statement. It reported a net loss from African operations equal to INR 6.69bn (EUR 97.6mn) mainly due to the pressures on EBITDA, higher depreciation and substantial finance cost including forex losses.

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