Barely two years since Bharti Airtel spent some US$10.7 billion to purchase its African operations from Kuwait owned Zain, the company is coming strongly against African mobile service providers having increased its customer-base following the launching of operations in Rwanda in early March.
The company’s end year results for 2012 financial year released yesterday indicated an increase in its African revenue. Bharti Airtel’s Africa contribution was US$4.13 billion, up by 43.7 percent year over year compared to India and South Asia’s revenues at US$10.79 billion, up by 11.6 percent year over year.
Bharti Airtel, whose African infrastructure operations took a heavy toll on its total profits is targeting of US$5 billion from its African operations next year.
Bharti Airtel had close to 252 million customers across its operations at the end of March 2012.
Sunil Bharti Mittal, chairman and managing director at Bharti Airtel Ltd, said he is pleased the financial year has ended with the company’s customer-base crossing 250 million across 20 countries.
In 2012, the company acquired Kuwait’s Zain’s African operations in 16 countries for an estimated US$10.7 billion making it the world’s fifth largest mobile company.
According to its 2012 financial year results, Bharti Airtel had a total 20 percent revenue compared to the 2011 financial year.
The 20 percent annual revenue growth made by the telco stood at US$14.93 billion. The figure is attributed to its advancement in technological services including 3.75 G networks in Africa and Launch of 4G LTE in India.
For financial year 2013, Airtel Africa will make a capital expenditure of US$1 billion. The company reported revenues of US$4.13 billion for the financial year ended March 31, 2012, according to Bharti Airtel CEO and Joint Managing Director Manoj Kumar Kohli.
A leading integrated telecommunications company, Bharti Airtel Limited is headquartered in New Delhi India and has operations in 20 countries across Africa and Asia, 17 of those in Africa.
The company ranks among the top five mobile service providers globally in terms of subscribers and boasts of a wide range of product offerings include 2G, 3G and 4G services, fixed line, high speed broadband through DSL, IPTV, DTH. Enterprise services include national and international long distance services to carriers.