Airtel is not exiting Kenya but looking to grow - KenyanStory

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Skip to contentSearch for:Go!HomeAboutBlogPortfolioLandscape/PropertyLifestyle PortraitsCorporateWildlifeContact UsYouTube ChannelAirtel is not exiting Kenya but looking to growHome/2017/December/12/LIFESTYLE/Airtel is not exiting Kenya but looking to growAirtel is not exiting Kenya but looking to growDecember 12, 2017by Erick VatetaNo comment(s)LIFESTYLEAirtel Africa, Best photographer in Kenya, Kenyan Photographer, Kenyan Story

Most social media influencers had their day on the interwebs after rumors claimed that Airtel is planning to close shop in Kenya. A few guys were already switching to other network providers with the fear that they might not be able to communicate with their loved ones…that’s me! LOL. Well, Airtel Africa is not going anywhere and they are even open to consolidation opportunities, either through acquisitions or mergers, to create sustainable businesses in Kenya, Rwanda and Tanzania. The company states that they don’t have plans to exit Kenya.

Acquired assets 

To this effect, Airtel acquired assets in Uganda and CongoB (Warid), Kenya (Yu) and consolidated operations in Ghana (Millicom). The customers in these markets now enjoy a superior and wider network, affordable voice & data services, and better customer care. This validates Airtel’s stand that in-country consolidations have resulted in achieving better market positions, thereby benefiting customers and the industry as a whole.

In Kenya, the company has has embarked on investing heavily in all technologies (2G, 3G and 4G) and they are putting up over 300 sites over the next few months to improve coverage even further.

Finance

Airtel’s financial performance continues to be strong in Africa. In constant currency terms, Airtel Africa revenues grew by 2.8% Y-o-Y with net revenues growing 6.3% on the back of increase in data penetration. Data traffic grew by 83.8% Y-o-Y. Airtel Money continues to lead with transaction values growing over 30% Y-o-Y. “Our efforts to create a profitable business model for Africa continues and we have delivered EBITDA margin of 32.1%, with margins up 9.1% Y-o-Y. This has also now enabled the business to sustainably generate positive free cash flows. We remain focused on accelerating growth through the three pillars of increasing mobile penetration, growing the data business and expanding the Airtel money base.” Airtel says.

 

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