Airtel Africa pegs $1 billion as telecom Capex for current fiscal

Telecom Lead Africa: Airtel Africa is planning to spend $1 billion as telecom Capex during fiscal

Airtel Africa is targeting revenue of $5 billion in 2012-13
from $4.14 billion in 2011-12.

In 2011-12, Airtel’s Africa revenues grew 43.7 percent.

Airtel Africa’s Capex during Q4 stood at $254 million
against $382 million, down 33 percent.

“The restructuring for Africa is over. FY 13 will be a
normal year. Therefore, the revenue goal of $5 billion definitely remains our
target” said Manoj Kumar Kohli, CEO (International) and joint managing
director, Bharti Airtel.

“All changes we wanted to bring in the network, IT and
organization design are successfully completed and I believe this will be a
year of stability, operational consolidation and therefore we are confidant of
leading a growth in these markets,” Kohli added.

Kohli said the company aims at achieving 40 percent EBITDA
from its African operations, according to a PTI report.

Airtel lowers telecom Capex by 48% in fourth quarter to Rs
2,380 crore

Bharti Airtel has lowered its telecom Capex by 48 percent to
Rs 2,380 crore in fourth quarter of fiscal 2011-12 from Rs 4,548 crore in same
period previous fiscal.

Airtel Africa’s Capex during Q4 stood at $254 million
against $382 million, down 33 percent.

Bharti Airtel, according to its quarterly result, spent
Capex of Rs 465 crore in Q4 2011-12 for consumer business against Rs 1,669
crore in Q4 2010-11, showing a significant drop of 72 percent.

Decrease in Capex has already affected telecom equipment
vendors such as Ericsson, Nokia Siemens, Alcatel-Lucent, ZTE, Huawei, NEC,
Cisco, ITI, etc.

During the quarter ended March 31, Airtel Africa had a loss
of Rs 340.6 crore, while revenues stood at Rs 5,387.4 crore during the period.

The telecom major has over 53.1 million customers across 17
African countries with average revenue per user at $6.8 per month.

Airtel revenue up 20% to Rs 71,451 crore; profit down 30%

Bharti Airtel has posted Rs 71,451 crore revenue in fiscal
2011-12, up 20 percent compared with the same period last fiscal. India &
South Asia revenues increased 11.6 percent to Rs 51,893 crore.

Africa revenues grew 43.7 percent to $4,137 million. Overall
customer base stands at 252 million, across 20 countries. Airtel posted 30
percent drop in profit to Rs 4,259 crore in fiscal 2011-12 against Rs 6,047
crore in FY 2011.

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