Bharti Airtel posts 15% y/y growth in FY Q3 revenue from African operations.

By bne IntelliNews February 4, 2013
Indian telecoms group Bharti Airtel reported a 15% y/y growth in its revenue from African operations for the three months to end-December 2012 to INR 61.69bn (EUR 850.2mn) thanks to a 21% growth in the number of subscribers, a 42% increase in voice traffic and an 85% rise in non voice revenue. Airtel had 61.7 million subscribers in Africa as of end-December, up from 58.7 million at end-September (50.9 million at end-December 2011). Airtel offers mobile services in 17 countries across Africa - Nigeria, Burkina Faso, Chad, Republic of the Congo, Democratic Republic of Congo (DRC), Gabon, Madagascar, Niger, Ghana, Kenya, Malawi, Seychelles, Sierra Leone, Tanzania, Uganda, Zambia and Rwanda. The company said voice usage per customer grew by 15% y/y to 144 minutes. However, it reported an INR 5.2bn net loss from African operations for the December 2012 quarter, up from an INR 2.6bn loss for the same period a year earlier despite a 14% growth in EBITDA to INR 16.4bn.
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