In May 2023 , Zain Omantel International ( ZOI ) was unveiled , which is a joint venture between the two telcos , established to become the Middle East ’ s premier international wholesale services provider . The partnership aims to offer a unique proposition that combines |
the strengths of both parties to deliver unparalleled service and support to customers worldwide .
Meanwhile , Omantel reported that for the nine months ended September 2023 , the telco recorded a net profit increase of 28.7 % year-on-year , with Group revenue up 10.6 % in the corresponding period .
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Outgoing CEO Ogunsanya presided over a steady year , which saw Airtel Africa launch Nxtra , a data centre business founded on a commitment to meet the continent ’ s growing needs for trusted and sustainable data centre capacity .
The telco also began rolling out 5G in Nigeria to deliver an enhanced customer experience , with launches in Tanzania and Zambia set to follow before the remaining of Airtel ’ s 11 other markets on the continent .
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Revenue for fiscal H1 2024 to end- September 2023 in constant currency grew by 19.7 %, with US $ currency revenues up by 2.3 % to US $ 2.62 billion .
During H1 2024 , the Group recorded a 9.7 % year-on-year increase in total customers to 147.7 million , and recorded a 23 % increase in its data customer base to 59.8 million .
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