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Tag: Airtel Africa

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

Airtel Africa lead gains as NGX Index breaks 110,000 barrier

The Nigerian All-Share Index shattered records on Tuesday, surging 1,721.29 points, or 1.57%, to close at an all-time high of 111,606.22, decisively breaking through the much-anticipated 110,000 threshold. The rally, driven by strong performances from heavyweight stocks like Airtel Africa, propelled the market’s total capitalization to N70.3 trillion, up from N69.2 trillion in the prior […]

Airtel Africa begins $100m share buy-back

Airtel Africa begins second round of $100m share buy-back program

Airtel Africa Plc has officially started the second tranche of its $100 million share buy-back program. This follows the completion of the first tranche announced on 23rd December 2024. This was disclosed in a statement signed by the Company Secretary, Simon O’Hara, and published on the Nigerian Exchange website on Wednesday. Airtel Africa’s second tranche […]

https://scratched-wizard-8e4.notion.site/We-Raised-A-1-58m-Seed-Round-And-Turned-3-15c0c5d0dbb84a369766e61a9d6a977c

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 […]

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 […]

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 […]

Airtel Africa plans second tranche of share buyback worth $100m

Airtel Africa has stated that it is embarking on the second phase of its share buyback program worth $100 million. This was disclosed in a statement in the notice filed with NGX on Monday. It outlined plans to repurchase 34,896,112 ordinary shares in total from Citigroup Global Markets on February 1st, 2024, and March 1st, […]

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

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) […]

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 purchases 491,861 shares from Citigroup Global

Airtel Africa purchases 491,861 shares from Citigroup Global

Airtel Africa plc said today that, as part of its planned share repurchase program, which was revealed last week, it had acquired 491,861 from Citigroup Global Markets Limited. According to The Times, This data was disclosed in an announcement signed by Airtel Africa Investor Relations’ Alastair Jones and sent by the business to the Nigerian […]

Airtel Africa begins $100m share buy-back

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 […]

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