Browsing: Airtel Africa PLC

5g
  • 2Africa Submarine Cable ushers in unprecedented internet speeds of 180 terabytes per second.
  • The cable is a success story of partnership between Tanzania, Airtel Tanzania and 2Africa Submarine Cable.
  • The cable comes at a time Tanzania is rolling out 5G internet WIFI in business parks, and public transport centres.

In a historic development, 2Africa Submarine Cable, the world’s longest submarine communication fibre link, has successfully reached the shores of Tanzania. Spanning 45,000 kilometers and interconnecting over 33 countries across Africa, Asia, and Europe, this cable will benefit more than three billion individuals worldwide.

2Africa Submarine Cable a success story of PPP

Spearheaded through a Public-Private Partnership (PPP) between the government and Airtel Tanzania, the 2Africa Submarine Cable marks the dawning of a new era in the realm of communication. Tanzania’s Minister for Information, Communication, and Information Technology, Nape Nnauye, expressed his optimism about the transformative potential of this project, …

Airtel Africa's June quarter profit

Airtel Africa’s profit after tax has risen to $142 million in the quarter of June compared to the year-ago period, the company has said.

The telecom and mobile money services provider on Thursday July 29, 2021 said its profit has more than doubled.

The company attributed the growth to the higher operating profits along with stable net finance costs which more than offset the increase in tax charges due to increased profits.

The telco company which enjoys a presence in 14 countries in Africa said that strong revenue growth was recorded in all regions and across key services.

Reported revenue

According to the company, reported revenue grew nearly 31 per cent to $1,112 million during the June quarter of 2021-22 with constant currency growth of about 33 per cent.

“Revenue growth partially benefitted from a weakened quarter in the prior year during the peak of COVID-19 restrictions across the region,” …