Bharti Airtel reported a 7% year-on-year rise in revenues on a comparable basis for the quarter ending September 30th to 211.3 billion Indian rupees (almost 3 billion US dollars). Its customer base declined 8% to 411 million, due to a 13% fall in India where Airtel is seeing intense competition. Still, revenues in India were up 3% to 153.6 billion rupees, while sales in Africa rose 13% to 853 million U.S. dollars.
In Africa, Airtel said the total customer base using the Airtel Money platform increased by almost 20% to 15.5 million. The total value of transactions on the Airtel money platform rose 35% year-on-year to 7.98 billion dollars in the quarter. Airtel Money revenue for the quarter was 79.3 million dollars, up 51%. Source: Airtel statement