East Africa: Bharti Airtel Posts Mixed Results for East Africa

Indian telecommunication giant Bharti Airtel reported mixed results in the region for 2017, with its Ugandan unit's profits growing by almost 30 per cent to $62.12 million, from $44.9 million in 2016, while the Tanzanian and Kenyan operations posted a combined loss of $135.6 million, pushing their accumulated losses to $1.07 billion.

The poor but improved performance of the regional units shows that the firm is still struggling to find a foothold, even as it keeps these units afloat through borrowing.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.