TELECOMSAirtel Africa at 10: yuMobile subscriber, Tigo Rwanda acquisitions, $1.25bn raise and other milestones
Airtel Africa has achieved milestones in the telecoms and mobile money industries within the last 10 years.
Over the past decade, Airtel Africa with a presence in 14 countries in Africa, primarily in East, Central and West Africa, has supported social transformation across the continent by enabling millions of people to access data services and be part of the financial system.
Airtel Africa’s voice, data and mobile money services are driving growth and Transforming Customers’ lives. Airtel Africa provides voice services to 110.6m customers, data services to 35.4m customers and mobile money services to 18.3m customers.
The company had a turnover of $3.4 bn in the last financial year.
Read Also: Sun Exchange secures $3m investment, closes $4m round
So, here is the journey of Airtel Africa since it’s metamorphosed from Zain Group 1o years ago:
2010:
Bharti Airtel Limited acquired the African operations of the Zain Group (formerly Mobile Telecommunications Group) comprising 36 million subscribers operating in 15 countries, including 12 of the Group’s current 14-country footprint.
The Group further expanded its footprint with the acquisition of Telecom Seychelles Limited.
2012:
The Group launched its greenfield operations in Rwanda.
2013:
The Group expanded its operations in Uganda and in Congo through the acquisition of Warid Telecom Uganda and Warid Congo SA from the Warid Group.
2015:
The Group acquired yuMobile’s subscriber base in Kenya from Essar Telecommunications Kenya, a part of the Essar Group.
2016:
The Group completed the sale of its operations in Burkina Faso and Sierra Leone to France-based Orange, to better streamline the Group’s footprint in East Africa.
Download GetFundedAfrica’s e-Guide to fundraising for start-up’s Here
2017:
The Group deconsolidated its operations in Ghana upon entering into a joint venture with Millicom International Cellular (which operates under the “Tigo” brand in Ghana) whereby Airtel and Millicom share equal ownership and governance rights in a combined “AirtelTigo” entity.
2018:
The Group acquired the operations of Tigo Rwanda, a subsidiary of Millicom.
Airtel Africa Limited, the Group’s UK holding company, was incorporated and registered as a private company in England and Wales.
The Company completed an initial round of pre-IPO funding, raising US$1.25 billion.
2019:
Telkom Kenya Limited (“Telkom Kenya”), the third largest MNO in Kenya, announced its intention to transfer its mobile operations, enterprise, and carrier business to Airtel Kenya, the Group’s operating subsidiary in Kenya.
Airtel Africa is listed on the London and Nigerian stock exchanges.
Download a copy of GFA’s Guide To Fundraising For African Start-Ups
“GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation“
Check out our weekend Feature: GFA’s Business Journey: Pitching To Win
Are you an entrepreneur? Share your story with us and get featured on our platform send us an email nichole@getfundedafrica.com
