Airtel Africa Plc (GB:AAF) has released an update.
Airtel Africa Plc has reported solid customer growth with a 8.6% increase in its customer base and robust revenue growth of 19.0% in constant currency, despite a decline in reported currency revenue due to currency devaluation, particularly in Nigeria. The company’s focus on cost efficiency and strategic investments have led to significant network expansion and a comprehensive cost optimization program, which is expected to yield further savings. Additionally, Airtel Africa has fully repaid its $550m bond, reinforcing its capital structure for continued investment in growth opportunities.
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