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Bharti Airtel, the third largest Telecommunication company in the world has today announced its audited consolidated Financial results for the first quarter ended June 30, 2015. The telecom giant managed to have a 10.7% grown in customer base that now stands at 331.9 million across 20 countries, this figure alone made Airtel the number 3 in the world in terms of customer base. They registered consolidated total revenues of Rs 23,671 crore which translated to a growth by 3.1%, all thanks to the Mobile data boom registering total data traffic of 119.8 billion megabytes in the quarter; a growth of 86.5% .
AFRICA REVENUES SET-BACK GROUP PERFORMANCE
According to Indian Economic Times, Africa continued to set-back Airtel’s performance with the unit’s net loss widening to $154 million from $137 million a year earlier. This was mainly attributed to currency depreciation and changes in interconnect rates in the key Nigerian market impacted consolidated financials.
In constant currency terms, Africa revenues grew by only 1.0%. Data revenues stood at $ 128 Million with growth of 48.5% , led by increase in Data customer base by 31.9% and traffic by 111.6%. Data ARPU (Average Revenue Per User) increased to $ 3.3 from $ 3.0 in the corresponding quarter last year. Data revenues contribute to 12.9% of overall Africa revenues vis-à-vis 8.8% in the corresponding quarter last year. Active Airtel Money customer base increased to 7.0 million, boosting the total transaction values on Airtel Money platform by 72.6% to US$ 3.3 Bn.
In a statement, Mr. Christian de Faria, MD and CEO, Africa, said:
[signoff icon=”quote-circled”]“In the first quarter, Airtel Africa has set the pace for the year, with customer base growing by 13.4% to78.3 million. Customer churn has been reduced from 7.0% to 5.4%, as a result of customer life-cycle management programmes. Minutes grew by 16.0%, while data volumes have more than doubled. The data customer penetration at 16.6% reflects the untapped potential in the internet space. I am particularly delighted to report that 7.0 million Airtel Money customers are transacting more than $ 1 billion of money every month. We are also satisfied with continued profitable growth in Nigeria”.[/signoff]
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