However , technological innovation was not considered in isolation by service providers . An assessment of market and geo-political factors resulted in there being no bidder for the third telecom license in Ethiopia , while MTN announced plans to exit Guinea-Bissau , Guinea-Conakry , and Liberia .
Airtel Africa announced its CEO , Olusegun Ogunsanya , would be stepping down effective July 1 , 2024 . Ogunsanya ranked 10th in the 2023 list of the Decisive Dozen , and faced a testing start to 2023 , with the telco reporting a loss in the first quarter of its fiscal year to end-June 2023 , due to a major currency devaluation in Nigeria .
The telco posted a net loss of US $ 151 million in the three months to end-June 2023 , compared to a profit of US $ 178 million in the same quarter a year earlier . Airtel Africa ' s revenue during the period , including exchange rate fluctuations , rose by 9.6 % year-on-year to U $ 1.3 billion , with EBITDA coming in at U $ 682 million , an increase of 11.1 % year-on-year .
However , technological innovation was not considered in isolation by service providers . An assessment of market and geo-political factors resulted in there being no bidder for the third telecom license in Ethiopia , while MTN announced plans to exit Guinea-Bissau , Guinea-Conakry , and Liberia .
Airtel Africa announced its CEO , Olusegun Ogunsanya , would be stepping down effective July 1 , 2024 . Ogunsanya ranked 10th in the 2023 list of the Decisive Dozen , and faced a testing start to 2023 , with the telco reporting a loss in the first quarter of its fiscal year to end-June 2023 , due to a major currency devaluation in Nigeria .
The telco posted a net loss of US $ 151 million in the three months to end-June 2023 , compared to a profit of US $ 178 million in the same quarter a year earlier . Airtel Africa ' s revenue during the period , including exchange rate fluctuations , rose by 9.6 % year-on-year to U $ 1.3 billion , with EBITDA coming in at U $ 682 million , an increase of 11.1 % year-on-year .