The company is expecting $1-1.2 billion from the sale of its operations in four markets in Africa which contributed 15% of its African revenue in 2014-2015. Airtel is among the top two operators in each of these four Francophone markets. Airtel had acquired Zain Telecom's African assets in 2010 for $10.7 billion and took on $8.5 billion in debt. The document provides market share and customer information for Airtel's operations in various African countries.
The company is expecting $1-1.2 billion from the sale of its operations in four markets in Africa which contributed 15% of its African revenue in 2014-2015. Airtel is among the top two operators in each of these four Francophone markets. Airtel had acquired Zain Telecom's African assets in 2010 for $10.7 billion and took on $8.5 billion in debt. The document provides market share and customer information for Airtel's operations in various African countries.
The company is expecting $1-1.2 billion from the sale of its operations in four markets in Africa which contributed 15% of its African revenue in 2014-2015. Airtel is among the top two operators in each of these four Francophone markets. Airtel had acquired Zain Telecom's African assets in 2010 for $10.7 billion and took on $8.5 billion in debt. The document provides market share and customer information for Airtel's operations in various African countries.
The company is expecting $1-1.2 billion from the sale of its operations in four markets in Africa which contributed 15% of its African revenue in 2014-2015. Airtel is among the top two operators in each of these four Francophone markets. Airtel had acquired Zain Telecom's African assets in 2010 for $10.7 billion and took on $8.5 billion in debt. The document provides market share and customer information for Airtel's operations in various African countries.
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The company is expecting $1-1.2 billion for the four markets.
Airtel has operations in 17 countries in Africa and the four which are up for sale contributed 15 per cent to its revenue from the continent in 2014-15. These four countries are among the better performing countries in Africa in terms of revenue, and Airtel is among the top two operators in each of these four Francophone markets. Airtel, which recently became the world's third largest telecom player in terms of subscribers, had bought Kuwait-headquartered Zain Telecom' assets in Africa in 2010 for $10.7 billion, for which it took on debt of around $8.5 billion. While entering Africa, Airtel had targeted revenue of $5 billion (from $3.6 billion at the time of the acquisition in 2010),EBIDTA(earnings before interest, depreciation, taxation, and amortisation) of $2 billion ($ 228 million at the end of December 2010 before the rebranding) and a subscriber base of 100 million (42 million in 2010) by 2013. The African business would widen Bharti's reach, which was hitherto restricted to Asia and Indian Ocean region with businesses in Sri Lanka, Bangladesh and Seychelles. The acquisition, the second largest by an Indian entity after Tatas' Corus deal, would make Sunil Mittal-led Bharti the world's seventh largest mobile operator with a total subscriber base of about 179 million. It would have estimated revenues of $13 billion. Zain has operations in 17 African countries and Bharti has acquired all, but those in Sudan and Morocco.
"This transaction is a pioneering step towards South-South cooperation and
strengthening of ties between India and Africa. With this acquisition, Bharti Airtel will be transformed into a truly global telecom company with operations across 18 countries fulfilling our vision of building a world-class multinational, Sunil Mittal Airtel Chad is the #1 operator with 69% market share
Airtel is the market leader with almost 7 million customers at the end of June 2012.
Airtel Gabon has 829,000 customers and its market share stood at 61%
The Mobile Voice subscriber base in Ghana grew from 29,815,213 in September 2014 to 29,990,581 at the end of October 2014. The subscriber base of Airtel decreased from the September figure of 3,790,636 September 2014 to end October 2014 at 3,742,970
Airtel Kenya is the second largest operator and has 4 million customers.
Airtel holds second place in the mobile telecom market in Madagascar, has a 39% market share and over 1.4 million customers.
Airtel Malawi is the market leader with a market share of 72%
Airtel Niger is the market leader with a 68% market share
Airtel is the 3rd largest operator with 33,376,556 subscribers, behind Globacom (37,268,483) and MTN Nigeria (61,280,293) as of Nov 2016 Airtel Congo is the market leader with a 55% market share
Airtel launched services in Rwanda on 30 March 2012
Airtel is the leading comprehensive telecommunications services providers with over
55% market share of mobile market in Seychelles.
Airtel Tanzania is the market leader with a 30% market share
Airtel Uganda stands as the #2 operator with a market share of 38%
A partnership with Africa: How the European Investment Bank delivers on EU policies in Africa and our future plans for development and partnership across the continent
A partnership with Africa: How the European Investment Bank delivers on EU policies in Africa and our future plans for development and partnership across the continent
