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Airtel Nigeria flags off Airtel Touching Lives Season 6

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Airtel-Touching-Lives season 6- Investors King

Leading telecommunications services provider, Airtel Nigeria has reiterated its commitment to bringing relief to the vulnerable and less privileged in the society through its Corporate Social Responsibility initiative ( CSR), Airtel Touching Lives.

Speaking during the official flag-off of Season 6 of its flagship Corporate Social Responsibility initiative, ‘Airtel Touching Lives’, today at Wheat Baker Hotel, Ikoyi, Mr. Segun Ogunsanya, Chief Executive Officer and Managing Director, Airtel Nigeria now elevated as CEO Airtel Africa had while performing one of his last official duties in the Nigeria office of the telecom group, reaffirmed the company’s resolve to bring good dividends to all its stakeholders with particular focus on giving succor and comfort to the downtrodden in the society.

Noting that previous editions of the CSR initiatives had recorded milestone achievements, the out-going Managing Director disclosed that ‘Airtel Touching Lives’ Season 6 will pay serious attention to COVID-19 related projects, education and will be rendering support to the medically challenged in the society.

Segun Ogunsanya asserted the telco’s relentless drive to alleviate the sufferings of the indigents in the society stating that “ In life, the purpose is very powerful. It does not just drive an individual or an entity, it drives every action and decision. Airtel procured our operating license for Nigeria in 2001. We have renewed that license for another ten years period from NCC where it is possible to procure and renew an operating license. You can only earn a social license to operate and it is not issued by NCC but by the various communities where we operate”.

He added that social license is the love, loyalty, friendship and affection that the Telco gets from the communities where it operates.

The Telco boss said: “ We created ‘Airtel Touching Lives’ for this purpose to offer relief and hope to the underprivileged and downtrodden and also to reimagine and inspire the strong and wealthy to support the weak and the poor”.

Segun Ogunsanya who hinted that he has been elevated to Chair Airtel Africa urged the general public to be part of the initiative by nominating projects, persons and communities that require support.

Assuring its target publics of the authenticity and transparency of the entire process of selection, the Head, Corporate Communications & Corporate Social Responsibility, Airtel Nigeria, Emeka Oparah said: “ When we get these nominations, we look at them on the face value and find the stories that are most striking and we send people to go to those people and those locations to verify. We have different levels of verification and in the last five years of doing this, we have never had anyone successfully scammed us”.

Members of the public can nominate individuals or projects in their communities by dialing 367 or by sending an SMS to the Shortcode, 367. You can also send an e-mail to touchinglives@ng.airtel.com

Telecommunications

NCC Sets Fresh Operational Fees, Spectrum Prices For Telecommunications Operators

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Nigerian Communications Commission

The Nigerian Communications Commission (NCC) has set up an annual operating regulatory levy to ensure that all licenses were properly and equitably assessed to meet statutory and regulatory expectations.

This was disclosed by the Executive Vice-Chairman of the NCC, Professor Umar Danbatta, during the Public Inquiry on two regulatory instruments draft held on Thursday, in Abuja.

Danbatta explained that the two key regulatory instruments were tailored to meet the challenges and to further strengthen the market structure of the industry.

The instruments include the Annual Operating Regulations and the Frequency Spectrum Regulations, which fees and pricing fall under.

He said “The first instrument will bring the regulations in line with current realities and sustain the enviable contributions of the communications sector to the country’s Gross Domestic Product (GDP)

“The second instrument is a vehicle that enables the commission to meet its role and exclusive mandate in Section 121 of the Nigerian Communications Act 2003 by assigning this scarce national resource in an equitable manner. The regulations also ensure that frequency spectrum are assigned and managed in a way that ensures fair pricing and efficient deployment of attendant services. The public inquiry is precursor to the commission’s current drive to ensure efficiency in spectrum management and unveiling of next-generation services through varied enablers.”

Deploying 5G
The NCC Boss informed that the Commission had commenced the process of deploying Fifth Generation (5G) technology in Nigeria, which largely depended on the appropriate frequency spectrum.

With the explosion in technologies, Danbatta said there was also an attendant secondary reliance on different approaches to maximize frequency spectrum.

He noted that this led to the need for designation of several bands of frequency spectrum for communications services and a key illustration was the recent identification of some Spectrum frequencies for 5G deployment.

Professor Danbatta assured that the Commission was conscious of the expectations and the need to ensure that the required regulatory frameworks were in place to meet these challenges.

He noted that this had made the reviews, which the Commission was conducting an important milestone as the public inquiry is pushing the country to the front queue of this global efforts.

“We must be prepared on both ends of the industry to push the country forward for these remarkable changes; while the licensees continue to invest in deployment. The Commission will sustain its drive-by ensuring regulatory efficiency and excellence,” the NCC Boss restated

He expressed optimism that the review would ensure effective and efficient utilization of frequency spectrum and also ensure a fair approach to the management of finance in the industry in the near future.

Danbatta urged participants to make their contributions freely and raise issues that would assist the Commission in developing and issuing regulatory instruments that would continually contribute to the development of the industry and sustain its positive contributions to the nation’s economy.

Earlier, in her address, the Director, Legal and Regulatory Services of the Commission, Ms. Josephine Amuwa, said the objective of the public inquiry was to secure the buy-in of all stakeholders and ensure the efficiency of the regulatory instruments when implemented.

She explained that the Commission decided to review the Annual Operating Regulations 2014 and the Frequency Pricing Regulations 2004 to ensure that the regulatory instruments issued were abreast with developments in the industry.

According to Amuwa, the Annual Operating Levy Regulations review will look at the current licensing structure and ensure that all the spectra of licensees will be properly covered.

“Another key part of the review is to clarify and clearly outline the benchmarks for assessment. This will not only ensure regulatory certainty but further entrench transparency in the process. On the other hand, the review of the second regulation, the Frequency Spectrum (Fees and Pricing) Regulations is expected to provide more guidelines on the parameter for determination of proper fees and pricing of spectrum. This will also make adequate provisions for different spectrum licensing processes and their assessment parameters,” she explained.

Present at the event were the Executive Commissioner, Technical Standards, Engineer Ubale Maska, the Executive Commissioner Stakeholder Management, Mr. Adeleke Adewolu, Directors, Deputy and Assistant Directors as well as External Stakeholders.

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Telecommunications

Airtel Africa Customer Base Rises by 8.4 Percent to 120.8 Million in Q1, 2022

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Airtel Africa Plc - Investors King

Airtel Africa Plc, a leading telecommunications company in Africa, grew its customer base by 8.4 percent to 120.8 million in the first quarter (Q1) of 2022.

The telecoms giant recorded strong revenue in Nigeria, up by 38.2 percent and posted 32.8 percent in East Africa while it achieved 24.9 percent in Francophone Africa.

Airtel Africa’s first quarter begins from April to June of the current year and the year ended in the first quarter of the following year. Hence, why it is quoted Q1 2022.

Airtel Africa Q1 Highlights

 Q1’22 Reported revenue grew by 30.7% to $1,112m, with constant currency growth of 33.1%. Revenue growth partially benefitted from a weakened quarter in the prior year during the peak of Covid-19 restrictions across the region. Even after adjusting for these effects, revenue growth rates for the Group, service segments and reporting regions were all ahead of Q4’21 trends.
 Strong revenue growth was recorded across all regions: Nigeria up 38.2%, East Africa up 32.8% and Francophone Africa up 24.9%; and across key services, with revenues for voice up 26.0%, data up 37.4% and mobile money up 53.7%.
 Underlying EBITDA grew by 42.4% to $534m in reported currency, while constant currency growth was 46.2%.
 Underlying EBITDA margin was 48.0%, an increase of 396 basis points(increase of 428 basis points in constant currency) led by both revenue growth and improved operational efficiencies.
 Operating profit was $352m, up 67.6% in reported currency and 73.9% in constant currency.
 Profit after tax more than doubled to $142m, up 148.7%, largely due to the higher operating profits along with stable net finance costs which more than offset the increase in tax charges due to increased profits.
 Basic EPS was 3.3 cents, an increase of 200%, as a result of higher profit and stable finance costs and foreign exchange. EPS before exceptional items was 3.2 cents.
 Operating free cash flow (underlying EBITDA less capex) was $428m, up 38.7%.
 Customer base grew by 8.4% to 120.8 million, with increased penetration across mobile data (customer base up 14.8%) and mobile money services (customer base up 24.6%). The slowdown in customer base growth was due to new SIM registration regulationsin Nigeria; excluding Nigeria the customer base grew by 15.9%.

Commenting on the company’s performance, Raghunath Mandava, chief executive officer, said “Our Q1’22 results have been very strong, with reported growth of 30.7% in revenue and 42.4% in underlying EBITDA, with constant currency growth of 33.1% and 46.2% respectively. Q1 of last year was impacted by the start of Covid, but even after adjusting for these effects, our Q1’22 revenue growth rates for the Group, service segments and reporting regions were all ahead of Q4’21 trends.

We have posted strong double-digit growth across voice (26.0%), data (37.4%) and mobile money (53.7%), and across all our regions. Sub-Saharan Africa is now experiencing a third wave of the pandemic. Governments are implementing balanced measures of lockdowns and restrictions. But vaccinations levelsremain very low. In these challenging times our business model has so far proven resilient, but we continue to monitor the situation closely for the potential impact on local economies and consumers.

Our total customer base has returned to growth with acceleration in our East Africa and Francophone regions and despite continuing negative net additions in Nigeria. With the easing of these restrictions in late April we have since been able to gradually increase locations for activations in line with regulatory compliance across Nigeria, and we have begun adding new customers.

Our continued focus on modernisation and rollout of our network, along with simplifying our products and improving our distribution, have all helped us to make handsome gains on our ARPUs across voice, data and mobile money. Our robust operating model and solid execution should enable us to continue our profitable growth.

We continue to see huge potential across voice, data and mobile money due to the low penetration levels in Africa, as we continue to partner the nations in bridging the digital divide and enhancing financial inclusion. We remain committed to continue to efficiently and effectively deliver services that help to improve the lives, communities and economies we serve.”

 

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Telecommunications

Airtel Africa to Release Half-Year Financial Statement on Thursday, July 29, 2021

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Airtel Africa - Investors King

Airtel Africa on Thursday announced it will release financial statements for the period ended 30 June 2021 on Thursday 29, July 2021.

The leading telecommunications company disclosed in a statement issued by Simon O’Hara, Group Company Secretary, Airtel Africa Plc.

The company also stated that the “management will host a conference call for analysts and investors at 12:00pm UK time (BST), on Thursday 29 July 2021. To receive an invitation with the dial in numbers to participate in the conference call please register before the event using the following link:

https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=544
5815&linkSecurityString=914c16fb6

Airtel Africa is leading telecommunications and mobile money services listed on the London Stock Exchange and the Nigerian Exchange Limited. It has presence in 14 African countries.

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