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Home Companies Company News

Airtel Yet To Break Even After 12 Years?

Ugodre Obi-chukwu by Ugodre Obi-chukwu
February 19, 2013
in Company News
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Airtel

Bharti Airtel, the operators of Airtel in Nigeria and much of Africa expects to break-even this year according to their estimates. The company has been in operations in Africa for over 12 years but is yet to make a single profit due to stiff competition. This year though, they expect to make a revenue of about $5billion and an EBITDA of $2billion.

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Tags: Airtel Nigeria NewsNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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