Airtel staff at their stand during a trade fair. The telco's profit after tax for the quarter ended March almost tripled to $154.52 million, from $57.5 million in the last quarter of 2016-17. PHOTO | CYRIL NDEGEYA | NMG
Airtel Africa’s profit after tax for the quarter ended March almost tripled to $154.52 million, from $57.5 million in the last quarter of 2016-17. This is the second positive margin in the telcos’ eight years of operations on the continent.
“Africa revenues grew by 10.7 per cent year-on-year led by strong growth in data and Airtel money transaction value. Mobile data traffic has grown by 88 per cent to 70 billion megabytes in the quarter as compared with 37 billion MBs in the corresponding quarter last year.
