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Bharti Airtel’s Africa Posts Net Profit of $83 mn on Net and Payment Biz Growth

Airtel Money posted a revenue of $70 million in Q4 as compared to $38 million in the previous quarter

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Lava, along with Airtel, Reliance and Godrej were the only four Indian brands that featured in the list of Top 30 brands according to Indian consumers. Wikimedia Commons

Bharti Airtel’s Africa subsidiary has posted a net profit of $83 million (around Rs 581 crore at Rs 70 a dollar exchange) for the March-end quarter, compared with a net loss of $49 million a year ago, boosted by a surge in data consumption and a rise in the volume of transaction value on the Airtel Money platform.

But the net income has fallen substantially and sequentially from $123 million in the December quarter.

The Sunil Mittal company said this was due to an exceptional loss of $7 million, “mainly on account network modernisation across various OPCOs (operating companies),” the quarterly earnings report of the company said.

The total revenue for Airtel Africa rose 6 per cent on-year to $781 million, though it fell from $783 million sequentially.

The net income and revenue both have fallen sequentially. Airtel Africa is in the process of a public listing on the London Stock Exchange around June this year in order to raise $1.5-$1.6 billion.

The net debt of the Africa operations has fallen to $4,004 million from $7,755 million a year ago period and marginally from $4,189 million in the December quarter.

“Data usage per customer during the quarter was at 1,375 MBs as compared to 963 MBs in the corresponding quarter last year, an increase of 42.7 per cent,” the company said, adding that data customers increased by 5.1 million on year to 30 million, representing 30.4 per cent of the total customer base, as compared to 27.9 per cent in the year-ago quarter.

Bharti Airtel’s office.

The total minutes on the network during the just-ended quarter grew 18.3 per cent to 52.9 billion.

The company said that its Airtel Money customer base increased 24 per cent annually to 14.2 million and the total transaction value on Airtel Money platform increased by 22 per cent to $6.9 billion.

Airtel Money posted a revenue of $70 million in Q4 as compared to $38 million in the previous quarter.

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Airtel Africa serves 99 million customers in 14 countries. Its Ebidta rose 16 per cent on-year (earnings before interest tax, depreciation & amortisation) at $354 million. On-year Ebitda margin also expanded from 42 per cent in the fiscal third quarter to 43.8 per cent in the fiscal fourth quarter.

But average revenue per user (ARPU) – a key performance metric – dropped 3.1 per cent on-year and 3.4 per cent sequentially – to $2.7. Voice ARPU also fell 3.5 per cent on quarter and 7.2 per cent on year, but data ARPU rose 2.8 per cent and 6.8 per cent sequentially and on-year wise.

Airtel’s Africa unit has already raised $1.45 billion through pre-IPO placements to the likes of Qatar Investment Authority, Warburg Pincus, Temasek, Singtel and SoftBank Group International, to reduce its net debt. (IANS)

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What Is So Special About the African Jungle Safari?

Once you are in the middle of several wild animals experiencing an African jungle safari, you'll know why they call this a once-in-a-lifetime experience

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There are specific areas in Africa where you can take an African jungle Safari and view a natural ecosystem that is constantly in motion. Pixabay

It’s not surprising that Africa is one of the top spots to travel to when you want to experience something unusual in your life as it is known for its large mammals and massive bird population. By visiting the continent, you can experience breathtaking views of wild animals in their natural environment. Whether you’re traveling by night, on a walking African jungle safari or viewing the area by plane, you’ll probably feel like this is a once-in-a-lifetime experience after visiting certain areas of Africa.

What Is Special About an African Jungle Safari?

There are specific areas in Africa where you can take an African jungle Safari and view a natural ecosystem that is constantly in motion. You can see animals that range from elephants and giraffes to lions and zebra. Certain areas offer a viewpoint of amazing wildlife throughout the year with certain times highlighting special events such as the annual wildebeest migration where close to 1.5 million wildebeest, 300,000 gazelles and 200,000 zebra trek across the dusty plains in search of greener pastures.

Get in Touch With Nature

Going on an African jungle safari allows you to get in touch with nature. You can hear hyenas cackling as they look for food or watch elephants trample across trails that are hundreds of years old. You’ll also see rhinos, hippos and cheetahs sitting in the sun or refreshing themselves in one of the flowing rivers. Not mention, there is magnificent scenery to see just about everywhere.

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During Safari, You can see animals that range from elephants and giraffes to lions and zebra. Certain areas offer a viewpoint of amazing wildlife throughout the year with certain times highlighting special events. Pixabay

Wide Range of Accommodations Are Available

If you’re looking for a place to stay when you visit Africa, you’ll find everything from luxury lodges to public campsites. The Central Serengeti region hosts the largest variety of accommodations to choose from. It’s important to book your accommodations well in advance of your trip, especially if you’re going to be traveling during peak season. If you decide to stay in public campsites, you usually won’t need to make a reservation in advance. The cost for these campsites typically ranges between about $30-$50 for an adult, but if you’re on your trip and run short of cash, you can have a relative or friend send money to Africa to tide you over during your trip.

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Once in a Lifetime Experience

Once you are in the middle of several wild animals experiencing an African jungle safari, you’ll know why they call this a once-in-a-lifetime experience. At any given time you might see giraffes loping along or monkeys shuffling around in trees. If you get a chance, try and go when The Great Migration is occurring as it can be a truly spectacular sight to see. When it’s the wet season in the Serengeti, the animals will be traveling towards the south, which is from December to June. After temperatures rise and dry out the area, the migration will move towards greener pastures. Most African jungle Safari guides will know where the animals are located. It’s also possible to travel through the area and see the animals by driving your own vehicle.