The Indian based BhartiAirtel mobile operator has announced an increase in its global revenue of over 15% in its Q3 financial report end December 31, 2012.
Airtel disclosed that its year-on-year data revenues were up by 80% in Africa and 70% in India.
With 262.3 million subscribers in 20 countries, among which are Sierra Leone, Nigeria, Rwanda, Seychelles, Tanzania, Uganda, Zambia, the global communications giant posted a year-on-year increase of 12.3% with total network minutes of 284.0 billion.
The audited accounts show that Africa revenues grew by 15%, with a 21% growth in its customer base, 42% increase in voice traffic and 85% growth in non-voice revenue.
The BhartiAirtel Limited Chairman & Managing Director, Sunil Bharti Mittal said, “market conditions have been challenging in recent quarters due to pricing pressures and rising input costs, which have put enormous pressure on the sector and consequently the margins. However, the worst seems to be getting over with corrections taking place in customer acquisition practices and the tariffs, which are driving quality of acquisitions and improving efficiencies. Moreover, on the data front, it is heartening to see strong growth quarter on quarter and across geographies.”