Airtel Africa soars back with $74 Million PBT for Q2 2024
Airtel Africa has announced a significant financial turnaround for the quarter ending June 30, 2024, achieving a profit before tax of $74 million. This marks a 134% improvement compared to…
Bharti Airtel eyes majority stake in India’s largest tower company
Telecom operator Bharti Airtel has increased its stake in Indus Towers by 1%, in large block deals as Vodafone PLC offloaded 19% equity in the company. Vodafone, a UK-based mobile…
Airtel activates 2Africa cable connecting South Africa and Kenya
Airtel Africa has activated the first phase of the 2Africa submarine cable connecting Kenya, Tanzania, and South Africa. The 180 TBPS 2Africa cable, boasting a length of 45,000km, previously landed…
Airtel’s NXtra to build new data center in Lagos
Airtel Africa is set to host a groundbreaking ceremony to mark the beginning of construction for its first NXtra Data Center, with plans for a launch event later this month.…
Abu Dhabi sovereign fund, DigialBridge, others battle for Airtel’s data center business
Investment company, Carlyle is currently in talks with prospective buyers to sell its 24 percent stake in Nxtra. Several investment firms, including KKR and DigitalBridge, are reportedly in the race…
Airtel spins off fiber business into Telesonic
Airtel Africa has unveiled its new subsidiary, Airtel Africa Telesonic (Telesonic), aimed at addressing the growing demand for wholesale data across the continent. With an extensive network spanning 75,000 kilometers…
Airtel Africa expands tower contract with IHS in Nigeria
Shared cell tower infrastructure operator in Africa, IHS announced the renewal of its contract with Airtel Nigeria, a subsidiary of Airtel Africa Plc a leading mobile network operators (MNOs) in…
Airtel Africa launches data center business, Nxtra by Airtel
Airtel Africa has announced the launch of Nxtra by Airtel, a new data center business dedicated to meeting Africa's growing demand for reliable, sustainable data center capacity and fueling the…