Tag: Airtel Africa

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Tech

Airtel, Starlink partner to boost internet access in Africa

Airtel Africa on Monday announced the partnership with SpaceX’s Starlink to deliver high-speed satellite internet to millions across the continent, targeting remote and underserved regions. The collaboration, set to roll out in nine countries—Nigeria, Chad, Kenya, Zambia, Malawi, Rwanda, Niger, Madagascar, and the Democratic Republic of Congo—aims to bridge Africa’s digital divide, where nearly 600 […]

Telecommunications

MTN, Airtel sign network sharing agreements in Nigeria, Uganda

MTN Group and Airtel Africa has partnered to share network infrastructure in Uganda and Nigeria. This collaboration, aimed at promoting digital and financial inclusion across Africa, will also ensure compliance with local regulatory and statutory requirements. In a joint statement released on Wednesday, the two companies stated that the partnership aims to strengthen their commitment […]

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Airtel increases data, call tariffs following NCC approval

Alex Omenye Airtel Nigeria has announced an upward revision of its data and voice tariffs, aligning with the Nigerian Communications Commission’srecent approval of a 50% increase. The new pricing structure, implemented just a week after MTN Nigeria introduced a similar adjustment, marks a significant shift in the country’s telecommunications landscape. Under the revised rates, Airtel’s […]

News Telecommunications

Airtel to buy 406,000 more shares from Citigroup Global Markets

Airtel Africa stated on August 7, 2024, that it will be acquiring further shares from Citigroup Global Markets as part of its share repurchase program. According to the company’s shareholders’ approval, 406,000 common shares were purchased at a price of 0.5 USD each on the London Stock Exchange. At a reported volume-weighted average pay price […]

Airtel Africa swings to $661m pre-tax profit in FY2025
News

Airtel Africa faces $4m monthly revenue loss over NIN verification

Telecom giant Airtel Africa has warned it could lose up to $4 million in monthly revenue due to ongoing challenges with verifying customers’ National Identification Numbers in Nigeria. As the deadline of July 31, 2024, approaches, Airtel Africa has yet to verify NINs for approximately 4.9 million of its customers. The Nigerian Communications Commission (NCC) […]

Telecommunications

Airtel Africa gains N665bn in a day as NGX recovers

Alex Omenye Airtel Africa on Thursday, saw an impressive trading day, with 1.009 million shares exchanged, resulting in a significant boost to the group’s market value, which surged by N665 billion to reach N8.08 trillion. This marks an 8.97% increase from the previous day’s value of N7.41 trillion. Airtel’s stellar performance played a pivotal role […]

Airtel Africa to build 34MW data center in Nigeria
Telecommunications

Airtel Africa to build 34MW data center in Nigeria

The telecommunications company Airtel Africa has revealed plans to construct its first 34 megawatt NXtra data centre In Lagos, Nigeria. The facility’s groundbreaking will take place later this month, according to a statement from the firm, and will be attended by the governor of Ogun State, Prince Dapo Abiodun, the governor of Lagos State, Babajide […]

Airtel Africa begins $100m share buy-back
Telecommunications

Airtel Africa begins $100m share buy-back

Airtel Africa Plc has initiated its share buyback program following the announcement on February 1, 2024, after releasing its nine-month results up to December 31, 2023. The company disclosed this information in a notice to the Nigerian Exchange Limited and the investment public. As per the statement signed by Alastair Jones of Airtel Africa Investor […]

Airtel Africa swings to $661m pre-tax profit in FY2025
Telecommunications

Airtel Africa hits $2m profit in nine months

Bisola David The financial results for the nine months that ended on December 31, 2023, have been made public by Airtel Africa Plc. The Times reported that compared to the $523 million reported in the same time of the previous fiscal year, the group’s profit after tax in 9M 2024 was $2 million, a 99.6% […]

Tech

Airtel Africa to buy back its shares worth $100m

Telecommunications conglomerate Airtel Africa has disclosed intentions to repurchase $100 million worth of its shares from the market. “In light of our consistent strong operating performance and given current leverage, the Board intends to launch a share buy-back program of up to $100m, starting early March 2024 over 12 months,” Airtel Africa’s CEO, Segun Ogunsanya, […]

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