{"id":65953,"date":"2022-10-28T11:56:36","date_gmt":"2022-10-28T10:56:36","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=65953"},"modified":"2022-10-28T11:56:36","modified_gmt":"2022-10-28T10:56:36","slug":"airtel-africa-customer-base-increases-to-134-7m-in-2022-q3","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/airtel-africa-customer-base-increases-to-134-7m-in-2022-q3\/","title":{"rendered":"Airtel Africa Customer Base Increases To 134.7m In 2022 Q3"},"content":{"rendered":"

Airtel Africa plc has recorded a \u00a0total customer base increased to 134.7 million, up 9.7%, with increased penetration across mobile data (customer base up 10.6%) and mobile money services (customer base up 24.0%).<\/p>\n

This is contained in the firms results for half year ended 30 September 2022.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ARPU growth of 7.2% in constant currency, largely driven by increased usage across voice, data and mobile money.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Mobile money transaction value increased by 31.7%, to an annualized value of $86.1bn in Q2\u201923.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Reported revenue grew by 12.9% in the half, to $2,565m, and 12.7% for Q2\u201923. Constant currency growth rate accelerated to 18.5% in Q2, supporting half year growth of 16.9%.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Strong revenue growth in constant currency was posted\u00a0across\u00a0all\u00a0four reporting\u00a0segments.\u00a0Mobile Services revenue in Nigeria\u00a0grew by\u00a019.7%, in East.<\/p>\n

Africa\u00a0by\u00a012.4%\u00a0and\u00a0in Francophone Africa\u00a0by\u00a012.1%\u00a0(and across the Group by 15.6%, with\u00a0voice revenue\u00a0up by\u00a012.0% and data revenue\u00a0up by\u00a022.1%).\u00a0Mobile Money\u00a0revenue\u00a0grew by 29.5%, driven by growth\u00a0of 31.5%\u00a0in East Africa and 23.6%\u00a0in\u00a0Francophone Africa.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EBITDA increased by 14.3% to $1,255m in reported currency and by 17.8% in constant currency, with an EBITDA margin of 48.9%, an increase of 60 basis points in reported currency and 38 basis points in constant currency.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Profit after tax was $330m, lower by 1.5% due to higher foreign exchange and derivative losses of $160m. Profit after tax excluding foreign exchange and derivative losses was up by 30.4%.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 EPS before exceptional items was 6.8 cents, a reduction of 9.5% largely as a result of higher foreign exchange and derivative losses of $160m. Basic EPS increased to 7.9 cents (up by 3.7%) as a result of deferred tax asset recognition in Kenya.<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The board has declared an interim dividend of 2.18 cents per share (2 cents in H1\u201922).<\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 In July 2022, the Group prepaid $450m of outstanding external debt at HoldCo. The remaining debt at HoldCo is now $550m, falling due in May 2024. The leverage ratio has fallen to 1.3x from 1.5x in the prior period.<\/p>\n

\u00b7\u00a0 Capex increased by 26.9% to $310m, in line with our guidance, as we continue to invest for future growth. Additionally, we acquired spectrum in key markets including DRC and Kenya.<\/p>\n

. Inaugural sustainability report published today, reflecting the Group\u2019s commitment to documenting progress against its long-term sustainability strategy launched in October 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Airtel Africa plc has recorded a \u00a0total customer base increased to 134.7 million, up 9.7%, with increased penetration across mobile data (customer base up 10.6%) and mobile money services (customer base up 24.0%).<\/p>\n","protected":false},"author":6,"featured_media":63124,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[6981],"coauthors":[2391],"class_list":["post-65953","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-airtel-africa-plc"],"yoast_head":"\nAirtel Africa Customer Base Increases To 134.7m In 2022 Q3 - National Wire<\/title>\n<meta name=\"description\" content=\"Airtel Africa plc has recorded a \u00a0total customer base increased to 134.7 million, up 9.7%, with increased penetration acros\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/airtel-africa-customer-base-increases-to-134-7m-in-2022-q3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airtel Africa Customer Base Increases To 134.7m In 2022 Q3 - 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