Airtel Africa profit jumps 5x to $156 million as forex woes ease
Airtel Africa's profit surged to $156 million in Q1 2025, a fivefold increase compared to the previous year. Revenue climbed 22.4% to $1.41 billion, marking a significant recovery for the telecommunications firm.
Airtel Africa Partners with SpaceX to Expand Starlink Satellite Internet Across 14 African Markets
Airtel Africa announces a strategic partnership with SpaceX to deliver Starlink’s satellite internet services. The collaboration aims to close the digital gap in underserved and remote communities across 14 African markets.
BREAKING: Airtel Money plans 2026 IPO amid fintech growth push
Airtel Africa announced plans for an IPO of Airtel Money in the first half of 2026. The previous plan to list in 2025 was delayed due to evolving market conditions.
Airtel Africa Taps SpaceX’s Starlink to Boost Rural Internet Coverage
Airtel Africa announced a partnership with SpaceX to provide high-speed internet via Starlink. The satellite internet service is licensed in 9 of Airtel’s 14 operating countries.
From losses to $248 Million Profit: Airtel Africa’s impressive nine-month turnaround
Airtel Africa reported a profit of $248 million for the nine months ending December 2024, up from $2 million in 2023. The company's revenue declined by 5.8% to $3.63 billion due to currency devaluations in Nigeria, Malawi, and Zambia.
