Bharti Airtel’s Africa Ebitda likely to contract by about 20%: S&P Global

Bharti Airtel’s Africa EBITDA is expected to be reduced by about 20 per cent in the current fiscal and register slow overall earnings growth, credit rating agency S&P Global said on Monday.

The credit rating agency, however, said Bharti Airtel’s overall earnings growth will likely remain on an uptrend, and its average revenue per user will continue to rise gradually in the Indian mobile market.

“Currency-induced weakness in Bharti Airtel Ltd’s African operations will weigh on earnings from that region and slow overall earnings growth. We expect that reported EBITDA from the African operations could contract by about 20 per cent in fiscal 2025 (year ending March 31, 2025) in Indian rupee terms,” S&P Global said.