Bharti Airtel, publicly owned and headquartered in India, founded in 1995, employs approximately 18,970 individuals and reported $20.7B in revenue as of 2024. The company operates as a multinational telecoms group.
Airtel Nigeria unveiled a comprehensive update on network infrastructure and technology advancements on February 8, positioning the company for quality of service leadership in Nigeria's telecommunications industry. The company stated these updates reflect sustained investments over the past 12 to 24 months, aimed at meeting surging data demand. Earlier the same day, Airtel Nigeria disclosed that 99% of its sites now deliver high-speed 4G mobile broadband, with managing director Dinesh Balsingh confirming it as a nationwide 4G network provider. Previously, on February 7, Bharti Airtel reported Q3'26 revenue of Rs 53982 crore, a 19.6% year-over-year increase, alongside an EBITDA of Rs 31144 crore, achieving a 57.7% margin. Mobile revenues grew 9.1% year-over-year with average revenue per user (ARPU) at Rs 259, while mobile data traffic increased 29.2% to 24849 PBs. Airtel Business revenues reached Rs 5353 crore. Following these results, PL Capital retained its rating for Bharti Airtel but trimmed its target price, citing the company's focus on premium subscribers, potential for tariff repair, and strong momentum in Africa as drivers for sustained earnings growth.
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