Airtel Africa (AAF)

Sector:

Telecom Operators

Index:

FTSE 100

145.00p
   
  • Change Today:
      1.40p
  • 52 Week High: 160.00
  • 52 Week Low: 76.65
  • Currency: UK Pounds
  • Shares Issued: 3.76m
  • Volume: 2,579,601
  • Market Cap: £5.45m
  • 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 145.00p
Change Today 1.40p
% Change 0.97 %
52 Week High 160.00
52 Week Low 76.65
Volume 2,579,601
Shares Issued 3.76m
Market Cap £5.45m
RiskGrade 259

Airtel Africa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.15% above the market average54.15% above the market average54.15% above the market average54.15% above the market average54.15% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
94.79% above the market average94.79% above the market average94.79% above the market average94.79% above the market average94.79% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
79.35% below the market average79.35% below the market average79.35% below the market average79.35% below the market average79.35% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

Airtel Africa Dividends

  Latest Previous
  Final Interim
Ex-Div 23-Jun-22 11-Nov-21
Paid 22-Jul-22 10-Dec-21
Amount 3.00¢ 2.00¢

Trades for 20-May-2022

Time Volume / Share Price
17:13 441 @ 144.80p
16:44 3,119 @ 146.41p
16:38 5 @ 145.00p
16:35 970,700 @ 145.00p
16:31 27,779 @ 145.60p

Airtel Africa Key Personnel

Chair Sunil Bharti Mittal

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