Airtel Africa

Vertiv has agreed to acquire UtilityInnovation Group for up to $2.6 billion, expanding its ability to manage power supplies for data centres as electricity demand from artificial intelligence grows.

March 25, (THEWILL) — Airtel Africa has taken a major step toward bridging the connectivity gap across underserved regions by successfully testing satellite-to-mobile services in Kenya in partnership with SpaceX’s Starlink. The company’s Chief Executive Officer, Sunil Taldar, confirmed the...

January 30, (THEWILL) — Airtel Africa posted a strong rebound in profitability, reporting a net profit of $586 million for its latest financial year, driven largely by foreign exchange gains and higher tariffs across key African markets, including Nigeria. The...

January 03, (THEWILL) - Airtel Africa Plc on Wednesday announced the retirement of the Chief Executive Officer, Olusegun “Segun” Ogunsanya, with effect from 1 July, 2024. Mr. Ogunsanya, who joined Airtel in 2012, ran the Nigeria Operations of the Telecommunications...

The financial year ending March 31, 2023 gave Airtel Africa Plc double-digit revenue growth and resilient margin, with its revenue in constant currency growing by as much as 17.6%, and 11.5% to $5.255 million in reported currency. Airtel Africa is...

February 06, (THEWILL) - Telecom giant, Airtel Africa, has recorded an earnings spike that helped its after-tax profit almost double to more than half a billion dollars in the nine months to December. According to Airtel’s unaudited earnings report issued...

November 16, (THEWILL) - Airtel Africa Plc has said that three major investors, Qatar Investment Authority (QIA), TPG, a U.S. private equity firm, and Mastercard have increased their investments in Airtel Money to $500million following the approval-in-principle granted it...

BEVERLY HILLS, April 29, (THEWILL) – Airtel Africa Plc has announced Olusegun Ogunsanya as Managing Director and CEO. A Nigerian, Ogunsanya is to succeed Raghunath Mandava, who has informed the board of his intention to retire. Ogunsanya joined Airtel Africa in 2012...

BEVERLY HILLS, April 21, (THEWILL) - Airtel Africa has signed a $500 million loan facility with a group of relationship banks to partially refinance the group’s €750 million Euro-denominated bond (c.$880  million) due May 20, 2021. The telco, in a statement signed on Wednesday...

BEVERLY HILLS, March 22, (THEWILL) - Airtel Africa has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest $200 million in Airtel Mobile Commerce BV,...