Airtel is a big deal in Africa.
Bharti #Airtel may be fighting an uphill battle to safeguard its premier position in the Indian telecom hierarchy. But its subsidiary in #Africa has been on a relentless uphill climb since it began operations there a little over a decade ago.
Bharti #Airtel may be fighting an uphill battle to safeguard its premier position in the Indian telecom hierarchy. But its subsidiary in #Africa has been on a relentless uphill climb since it began operations there a little over a decade ago.
#AirtelAfrica is one of the three largest telecom operators on the continent. As of 2020, it provides voice services to 110.6 million customers and data services to 35.4 million customers.
With $3.4bn in turnover in the last FY, the Africa business was spun out and listed on the London and Nigerian stock exchanges.
It has a presence in 14 countries and offers a range of services including mobile wallet deposit and withdrawals, merchant and commercial payments, benefits transfers, loans and savings, virtual credit cards and international money transfers.
Airtel Africa is now betting big on the #MobileMoney business. It recently inked a $200m deal with US PE firm TPG, and is also in talks with other potential investors.
Hit link to learn about "mobile money" and why Airtel is betting big on it: transfin.in/what-is-mobile…
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