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Airtel’s East Africa operations recorded strong growth in the latest quarter, driven by surging data consumption, an expanding customer base, and continued investment in network infrastructure. Reported revenue from mobile…
MTN Uganda has recorded a landmark UGX641.5 billion in net profit for 2024, reflecting a strong financial performance and a year of sustained commercial momentum. Under the leadership of Chief…
Airtel Uganda has a new boss, Soumendra Sahu. He joins Uganda’s second-largest telco at an interesting time— increasing competition from MTN, the market share leader, and other independent ISPs. There are also unmet shareholder growth expectations promised during the telco IPO. The new boss must invest more in the network to boost 5G adoption, expand smartphone penetration, address operational costs, and counter Starlink’s looming entry. Airtel must innovate to maintain its edge in data revenue and tackle a shrinking market share, especially in voice services. Additionally, stabilising leadership following key staff exits and managing regulatory and economic pressures will test…
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Airtel Uganda posted total revenue of UGX 966 billion in the first half of 2024, and a final profit of UGX 153 billion largely driven by data and voice revenue. The voice segment contributed a large chunk of the revenue at UGX 526 billion closely followed by data revenue at UGX 403 billion with other value-added services contributing UGX 36 billion. Airtel’s voice revenues grew by 12 percent year-on-year on the back of the continued growth in customer acquisitions backed by a regional acquisitions strategy, and the benefit of usage and retention initiatives that resulted in overall 2.4 percent growth…
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