Airtel Africa announces a colossal investment of $750 million to revolutionize telecommunications!

Airtel Africa announces a colossal investment of $750 million to revolutionize telecommunications!
Airtel Africa announces a colossal investment of $750 million to revolutionize telecommunications!

Airtel Africa, one of the leading telecommunications operators on the African continent, plans to invest between $725 million and $750 million for the 2024/2025 financial year. These investments are mainly intended for network expansion, including the construction of new data centres and the installation of fibre optic infrastructure. This sum does not include expenditure on licence renewals and spectrum acquisition. Last year, Airtel Africa had already invested $737 million, of which 87% was allocated to improving network capacity and cybersecurity.

This financial commitment is part of a growth strategy aimed at exploiting the potential of the African telecommunications market, which is still largely underdeveloped. With a young population and rapid adoption of smartphones, Airtel Africa sees significant opportunity for expansion. Currently, the company has 152.7 million customers, of which 64.4 million use data services and 38 million use Airtel Money, its mobile financial services platform.

The new infrastructure will not only improve connectivity for existing users, but also attract new customers by offering faster and more reliable services. Furthermore, by strengthening its cybersecurity capabilities, Airtel Africa is preparing to meet the challenges of data security in an ever-changing digital environment. This move underlines Airtel Africa’s commitment to consolidate its leadership position in the African telecommunications market and contribute to the continent’s digital transformation.

-

-

NEXT Gas prices, DPE, savings plan… What’s changing on July 1, 2024