Airtel Nigeria grows internet data revenue by 68%

Airtel Africa Plc has said its data revenue from Nigeria rose by 68.1 percent to $435m for the financial year ended March 31, 2020.

The firm, which listed its shares on the Nigerian Stock Exchange in July 2019, said on Wednesday that its revenue from Nigeria was up by 24 percent, underpinned by 15.1 percent revenue growth in voice and 68.1 percent in data.

It said voice revenue at $850m, up by 15.1 percent, was supported by a 12.5 percent increase in the customer base and a 1.2 percent increase in average revenue per user.

Airtel saw its total customer base in Nigeria increase to 41.8 million as of March 2020 from 37.1 million a year ago, while data customer base rose to 16.7 million from 14.7 million.

“We expanded our customer base as a result of efficient sales and distribution network supported by the accelerated rollout of our network infrastructure and 4G leadership,” the firm said. 

It said data revenue growth of 68.1 percent was supported by a 14 growth in data customers and a 42.2 percent increase in data ARPU.

The firm said, “This growth was driven by an accelerated 4G rollout (with 68 percent of total sites now 4G), a 1.8 percent in smartphone penetration, and affordable products in our data bundles.

“47.5 percent of total data usage is now through the 4G network. Data revenue accounted for 31.7 percent of total revenue, up 8.2 percent.”

Airtel said other revenue decreased by 17.2 percent, affected by the rollout of new directives issuer by the Nigerian Communication Commission on content-based revenue. 

Its operating profit in Nigeria rose to $565m in the year ended March 31, 2020, compared to $371m a year ago.

Leave a Reply

Your email address will not be published. Required fields are marked *