telecommunications

Airtel Africa Results of the IPO of Airtel Malawi plc

FTSE News FTSE 250

Airtel Africa plc (LON:AAF) a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, further to its announcement on 24 December 2019, today announced the results of the Initial Public Offering (“IPO”) of its subsidiary Airtel Malawi plc on the main market of the Malawi Stock Exchange. Airtel Africa confirmed all ordinary shares …

Airtel Africa Plc

Airtel Africa to acquire additional spectrum in Nigeria

FTSE News FTSE 250

Airtel Africa plc (LON: AAF), a leading pan-African provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, has announced an agreement between Airtel Networks Limited, a subsidiary of Airtel Africa, and Intercellular Nigeria Limited, to acquire additional 10 MHz spectrum in the 900 MHZ band in Nigeria for a consideration of $70 million, excluding …

Airtel Africa reports a strong set of results

FTSE News FTSE 250

Airtel Africa plc (LON: AAF) Financial review for the Half Year, ended 30 September 2019 Key Highlights · Customer base grew by 10.4% to 104 Mn · Revenue increased by 8.4% to $ 1,640 Mn in H1 with Q2 growth accelerating to 9.8% · In constant currency terms, revenue grew 11.4% in H1 and 12.6% in Q2. This was the …

Airtel Africa plc Complete Capital Reduction

FTSE News FTSE 250

As outlined in the Company’s prospectus dated 17th June 2019 and pursuant to a resolution of the Company passed on the 24th May 2019, Airtel Africa plc (LON: AAF) has announced that it has completed a reduction of its share capital and share premium account. The Capital Reduction was formally approved by the High Court on 22 October 2019. The …

Airtel Africa and Finablr Announce a Global Partnership

FTSE News FTSE 250

Airtel Africa (LON: AAF), a leading telecommunications service provider, and Finablr, a global platform for payments and foreign exchange solutions, have entered into an extensive global partnership that will see the two companies bringing together their complementary capabilities. As an outcome of the arrangement, Airtel Africa mobile money operations will be integrated with Finablr’s technology platform and global network to …