Telecoms giant Airtel Africa’s revenues soar

Airtel Africa reported $6.4 billion in revenue for the year to March, a nearly 30% year-on-year increase, with data revenues becoming its largest revenue component at 35.2% growth. The telecom operator, which serves 14 sub-Saharan African countries, grew its customer base by 10% driven by strong growth in data and mobile-money subscribers. However, CEO Sunil Taldar warned that rising energy costs from the Iran war could increase operational cost inflation.