Fourteen years on, is Sunil Mittal happy with Airtel Africa?

Fourteen years on, is Sunil Mittal happy with Airtel Africa?
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Sunil Mittal

Synopsis

It has been 14 years since Airtel made the big move to buy Zain Telecom’s African assets. How is Airtel Africa faring?

Bharti Airtel’s consolidated net profit plunged 31% on-year in March quarter FY24 after its Africa business was hit by devaluation of the Nigerian Naira (NGN). Airtel Africa had said on January 29, 2024, that FMDQ Securities Exchange Ltd (Nigeria’s largest exchange by market turnover) had announced a change in its methodology for computing the Nigerian exchange rate (NAFEX), which is used to compute Airtel Africa's Nigeria results. The NAFEX

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