Airtel Africa (AAF)

Sector:

Telecom Operators

Index:

FTSE 100

105.80p
   
  • Change Today:
      1.00p
  • 52 Week High: 133.70p
  • 52 Week Low: 90.70p
  • Currency: UK Pounds
  • Shares Issued: 3,750.76m
  • Volume: 4,135,257
  • Market Cap: £3,968.31m
  • RiskGrade: 259

Airtel Africa sells mobile money stake for $50m

By Sean Farrell

Date: Thursday 16 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Airtel Africa said Chimera Investments had bought a $50m stake in its mobile money operations with the company retaining a majority holding.

The Africa-focused mobile network operator said its aim was to list the mobile money business within four years. It will use the money to reduce group debt and invest in network and sales infrastructure.

Chimera, an investment firm based in Abu Dhabi, bought the shares from an Airtel Africa subsidiary through its Chimetech unit. The company did not report the size of Chimera's minority stake.

The mobile money business posted $185m of pretax profit in the year to the end of March and the value of the business's assets was $668m, Airtel Africa said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Airtel Africa Market Data

Currency UK Pounds
Share Price 105.80p
Change Today 1.00p
% Change 0.95 %
52 Week High 133.70p
52 Week Low 90.70p
Volume 4,135,257
Shares Issued 3,750.76m
Market Cap £3,968.31m
RiskGrade 259

Airtel Africa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average19.43% below the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average
Income Not Available
Growth
12.12% above the market average12.12% above the market average12.12% above the market average12.12% above the market average12.12% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

Airtel Africa Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Nov-23 22-Jun-23
Paid 15-Dec-23 26-Jul-23
Amount 2.38¢ 3.27¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 1,469,309 @ 105.80p
16:35 767 @ 105.80p
16:35 8,752 @ 105.80p
16:35 10,003 @ 105.80p
16:35 1,825 @ 105.80p

Airtel Africa Key Personnel

Chair Sunil Bharti Mittal

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