Airtel Denies Report About Leaving Africa Soon

<div dir="ltr" style="text-align: left;" trbidi="on"> <div dir="ltr" style="background-color: white; color: #222222; font-family: "Open Sans", sans-serif; outline: 0px; transition: all 0.3s ease;">Airtel has come out to deny report making rounds on various media outlets that the company might be exiting Africa soon. Airtel reaffirmed its customers that it remains committed to Africa and will continue to invest in its operations to grow sustainably in Africa.</div> <div class="separator" style="background-color: white; clear: both; color: #222222; font-family: "Open Sans", sans-serif; font-size: 15px; outline: 0px; text-align: center; transition: all 0.3s ease;"><a href="http://mobilityarena.com/wp-content/uploads/2017/01/Airtel-Africa.jpg" imageanchor="1" style="color: #579df8; margin-left: 1em; margin-right: 1em; outline: 0px; text-decoration: none; transition: all 0.3s ease;"><img border="0" height="225" src="http://mobilityarena.com/wp-content/uploads/2017/01/Airtel-Africa.jpg" style="border: 0px; max-width: 100%; outline: 0px; position: relative; transition: all 0.3s ease;" width="400" /></a></div> <div dir="ltr" style="background-color: white; color: #222222; font-family: "Open Sans", sans-serif; font-size: 15px; outline: 0px; transition: all 0.3s ease;">Contrary to reports, Airtel Africa’s recent 3rd quarter results were actually great. The company's revenues for the quarter accelerated by 6.0 per cent Y-o-Y, the highest over the last 9 quarters. The organizations efforts to improve the quality of customer acquisitions have resulted in a reduction in customer churn to 4.9 per cent from 6.0 per cent. Data consumption and revenues have grown by 91.0 per cent & 24.0 per cent Y-o-Y respectively, led by stronger data networks. </div> <div dir="ltr" style="background-color: white; color: #222222; font-family: "Open Sans", sans-serif; font-size: 15px; outline: 0px; transition: all 0.3s ease;"> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;">The strong focus on cost management has led to a significant underlying EBITDA margin expansion of 4.5 per cent Y-o-Y, which now stands at 24.5 per cent. Africa is now generating positive free cash and is PBT positive in constant currency.<br style="outline: 0px; transition: all 0.3s ease;" /></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;">According to Raghunath Mandava, who is the Managing Director and Chief Executive Officer, Airtel Africa, he said, </div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"> <blockquote class="tr_bq" style="outline: 0px; transition: all 0.3s ease;"><i style="outline: 0px; transition: all 0.3s ease;">“All the steps taken recently with regard to human resources and infrastructure have been geared towards readying the organization to grow efficiently and sustainably in the medium to long term. The company remains committed to competing in various markets and providing more choice to customers through further investments to ensure consistent delivery of quality and value for money services to our customers. We are also accelerating our investments in new data networks and to modernize our existing networks. We are committed to launch 4G in multiple countries.”</i></blockquote> </div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"><i style="outline: 0px; transition: all 0.3s ease;"><br style="outline: 0px; transition: all 0.3s ease;" /></i></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;">He added<i style="outline: 0px; transition: all 0.3s ease;"> “Mergers and acquisitions continue to be the norm for any multinational organization and they affect all global organizations in equal measures as and when they happen. As a strategy, we look for opportunities to acquire or merge in opcos that are operating in a fragmented market structure with too many players in a small market. Last year, Airtel and Orange reached a mutually beneficial agreement on the assets in Sierra Leone and Burkina Faso. Similarly, Airtel also acquired assets in Uganda, CongoB and Kenya in recent times. The agreements brought together the strengths of Airtel, Warid and Essar. This has offered benefits to customers in the form of a superior and wider network, affordable voice / data services and better customer care. Away from Africa, recently, we merged with Robi in Bangladesh to create a solid and profitable No.2 player in the market.” </i></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"><i style="outline: 0px; transition: all 0.3s ease;"><br style="outline: 0px; transition: all 0.3s ease;" /></i></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"><span style="color: #707070; outline: 0px; transition: all 0.3s ease;">Base on the result above, it clearly shows that the company is not in a bad shape and also has no plan of leaving the African market soon.</span></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"><span style="color: #707070; outline: 0px; transition: all 0.3s ease;"><br /></span></div> <div dir="ltr" style="outline: 0px; transition: all 0.3s ease;"><span style="color: #707070; outline: 0px; transition: all 0.3s ease;">Source: <a href="http://yomitech.com/">yomitech.com</a></span></div> </div> </div>

Airtel Denies Report About Leaving Africa Soon

Airtel has come out to deny report making rounds on various media outlets that the company might be exiting Africa soon. Airtel reaffirmed its customers that it remains committed to Africa and will c…

Read more »

What is MTN Ng 2017 Mobile Electricity Offer? Details Review Here!

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="background-color: white; border: 0px; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: inherit; font-stretch: inherit; font-variant-numeric: inherit; line-height: inherit; padding: 0px; vertical-align: baseline;"><span style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">The major change here in the Mobile Electricity offering is the DC to AC conversion inclusion, which was missing from the previous edition offers. This is no doubt an excellent incentive from the Lumos team, owners of the Mobile Electricity brand, as a major factor militating against greater adoption of the service was the fact that customers who purchased the earlier versions had to contend with the problem or challenge of then looking for DC appliances that they could use with the system.</span></div> <div class="separator" style="background-color: white; border: 0px; clear: both; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: 15px; font-stretch: inherit; font-variant-numeric: inherit; line-height: inherit; margin: 0px; padding: 0px; text-align: center; vertical-align: baseline;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2hyKgSrBFKwejQLc2GLLkvRdqbkJvXCeJztZUkoA1dEI4vVcuhe6xVYeESisr-eQuH34xcrjRqr6iw3x4OMY24cujGci7eU7qso7WgN2Pl5uEAsZwgqewuf2Hxhz4VAvIW61HRVJWDQ8/s1600/DC+to+AC+Converter.PNG" imageanchor="1" style="border: 0px; clear: none !important; color: #a0ce4e; float: none !important; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px 1em; padding: 0px; transition: all 0.6s ease-out 0s; vertical-align: baseline;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2hyKgSrBFKwejQLc2GLLkvRdqbkJvXCeJztZUkoA1dEI4vVcuhe6xVYeESisr-eQuH34xcrjRqr6iw3x4OMY24cujGci7eU7qso7WgN2Pl5uEAsZwgqewuf2Hxhz4VAvIW61HRVJWDQ8/s1600/DC+to+AC+Converter.PNG" style="border: 0px; font-family: inherit; font-size: inherit; font-stretch: inherit; font-style: inherit; font-variant: inherit; font-weight: inherit; line-height: inherit; margin: 0px 0px 8px; max-width: 100%; padding: 0px; transition: 0.4s ease-in-out; vertical-align: baseline;" width="90%" /></a></div> <span style="background-color: white; border: 0px; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: inherit; font-stretch: inherit; font-variant-numeric: inherit; font-weight: 700; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;"><br /></span><span style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: 15px;">With the new development, this additional layer of stress is eliminated, meaning that right from the get-go MTN Mobile Electricity/Lumos customers are outfitted with all that they need to make use of this excellent product. Cheers guys and if you haven’t got yours yet, you're surely on a long thing.</span><br style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif;" /> <br style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif;" /> <span style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: 15px;">Kindly note that all information herein following is the exclusive preserve and right of Lumos Nigeria as pertaining to their partnership with MTN in regards to the Mobile Electricity technology and offer; and that further, such information is only represented here in order to help spread the adoption and awareness of this environmentally friendly technology. Cheers. </span><br /> <span style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: 15px;"><br /></span><span style="background-color: white; color: #494949; font-family: "Open Sans", arial, sans-serif; font-size: 15px;">Source: <a href="http://techsvibe.com/">techsvibe.com</a></span></div>

What is MTN Ng 2017 Mobile Electricity Offer? Details Review Here!

The major change here in the Mobile Electricity offering is the DC to AC conversion inclusion, which was missing from the previous edition offers. This is no doubt an excellent incentive from the Lum…

Read more »