Following their recent change in strategy management, mobile service provider Bharti Airtel can afford a confidence smile after its subscribers increased by a margin high 7.2 per cent. The increase took the tally to 80.1 million subscribers during its fiscal Q4 ending 31 March. The significant numbers were recorded in Africa across 15 countries where it has its footprints.
Its active Airtel Money customer base hit 9 million and the total transaction value on the platform increased 35.1 per cent year-on-year to $4 billion.
Raghunath Mandava, MD and CEO of Africa, said for the first time, the African operation delivered a profit before tax for the full financial year of $6 million in constant currency terms.
Data revenue in Africa rose 14.5 per cent year-on-year in the quarter to $157 million, led by a 19.3 per cent increase in its data customer base. Data ARPU fell to $2.90 compared with $3.10 in the corresponding quarter last year. Data revenue now contributes to 17.7 per cent of overall Africa revenue, up from 15.7 per cent a year ago.
Recent reports suggest the company is set to investigate cutting its exposure across six non-profitable African markets – Rwanda, Niger, Chad, Republic of Congo, Kenya, and Tanzania – through stake reductions or mergers.