{"id":36283,"date":"2021-02-01T19:00:40","date_gmt":"2021-02-01T19:00:40","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/?p=36283"},"modified":"2021-02-01T17:11:54","modified_gmt":"2021-02-01T17:11:54","slug":"work-from-home-drives-airtels-data-revenue-by-26-2-in-nine-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/work-from-home-drives-airtels-data-revenue-by-26-2-in-nine-months","title":{"rendered":"Work from home drives Airtel\u2019s data revenue by 26.2% in nine months"},"content":{"rendered":"

Africa-Press<\/a> – Nigeria<\/a>. <\/strong><\/span>Coronavirus-influenced work from home has driven revenue of Airtel Nigeria from data subscriptions by 26.2 percent for the nine-months ended 31 December 2020 to $397 million from $315 million generated during the corresponding period of 2019<\/p>\n

In the 9-months\u2019 unaudited results it filed to the Nigerian Stock Exchange (NSE) and analysed by Ripples Nigeria shows that data revenue represents 35.1 percent contribution to the total revenue of $1.13 million recorded from Nigerian operations.<\/p>\n

Airtel Nigeria\u2019s $1.13 million revenue represents the highest from any single country, and above the combined profit from East Africa operations which stood at $1.02 million and $704 million from Francaphone countries Operation.<\/p>\n

Analysis also shows that Nigerian operations added 4.5 million new customers to its subscriber base during the period, from 39.9 million in 2019 to 44.4 million in 2020.<\/p>\n

READ ALSO:<\/b><\/p>\n

Airtel pays Nigerian govt N71.611bn on renewal of licenses for 10 Years<\/p>\n

Data subscriber numbers also rose to 18.8 million within the period from 15.2 million in 2019.<\/p>\n

Speaking on the result, Chief Executive Officer, Airtel Africa, Raghunath Mandava, described the numbers from Nigeria as impressive despite the Covid-19 challenges.<\/p>\n

\u201cNigeria is our largest market and we remain focused on bridging the digital divide and expanding our broadband capability in the country.\u201d<\/p>\n

For group revenue, Airtel Africa said in the first nine months of the financial year, the company recorded $2.87 billion in profit.<\/p>\n

Growth for the nine months was recorded across all of its regions, with Nigeria up 21.6 percent, East Africa ahead with 23.4 percent and Francophone Africa rising by eight percent.<\/p>\n

Opinions<\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Coronavirus-influenced work from home has driven revenue of Airtel Nigeria from data subscriptions by 26.2 percent for the nine-months ended 31 December 2020 to $397 million from $315 million generated during the corresponding period of 2019 In the 9-months\u2019 unaudited results it filed to the Nigerian Stock Exchange (NSE) and analysed by […]<\/p>\n","protected":false},"author":84,"featured_media":36282,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15,28,26],"tags":[1570,2140,2788,1386,254,2787,2786],"class_list":["post-36283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-nigeria-2","tag-airtel","tag-coronavirus","tag-nigeria","tag-remote","tag-work-from-home"],"yoast_head":"\nWork from home drives Airtel\u2019s data revenue by 26.2% in nine months - 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