Airtel in Africa has announced that it has surpassed the 100 million subscriber mark in Africa, as the company is looking to expand its offerings across the continent.
Currently, Airtel Africa is present in 14 countries across the continent. In particular, it has a strong presence in Eastern Africa.
Airtel Africa recently was able to raise USD750 million at its Initial Public Offering (IPO) in London, earlier in the year. This was to allow the company to raise funds to expand its mobile networks across the continent. Airtel will look to invest the money it has raised into boosting the number of 4G sites in its ever0increasing footprint. In addition to this, it will also look to consolidate its 3G networks.
Ragunath Mandava, Airtel Africa's chief executive officer said “I am delighted to report that Airtel Africa has crossed the 100 million subscriber mark. This achievement is testament to the hard work of our employees and a clear reflection that customers value our network, service offerings and customer experience. The positive momentum we have seen in customer acquisition, further underpins our medium-term aspirations for revenue and profit growth. I would like to take this opportunity to thank all the teams that have worked hard to get us here.”