- Five months ago, there was a question on whether the Africa unit will survive.
- However, the London-listed company has clocked a revenue growth of over 10% for nine quarters now, reaching nearly $900 million at the end of March.
- The average revenue per user in Africa is 40% more compared to India.
- Here, we decode what is driving the growth in Airtel’s Africa unit and what lies in its future ahead.
Five months ago, Airtel was wondering whether the Africa business was viable at all. Now, it has posted a 72% jump in pre-tax profit and is planning to invest another $700 million capital…