Airtel Africa (AAF)

Sector:

Telecom Operators

Index:

FTSE 100

 143.30p
   
  • Change Today:
      0.000p
  • 52 Week High: 160.00
  • 52 Week Low: 76.65
  • Currency: UK Pounds
  • Shares Issued: 3.76m
  • Volume: 0
  • Market Cap: £5.39m
  • RiskGrade: 259

Airtel Africa makes first closing in sale of Tanzania towers

By Josh White

Date: Wednesday 05 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Airtel Africa announced the first closing in the sale of its telecommunications tower assets in Tanzania on Wednesday to a joint venture company owned by a wholly-owned subsidiary of SBA Communications as majority owner, and Paradigm Infrastructure.
The FTSE 250 company said the gross consideration for the transaction would be $176.1m.

Under the terms of the transaction, Airtel Africa's subsidiary in Tanzania would continue to develop, maintain and operate its equipment on the towers under separate lease arrangements, largely made in local currencies, with the purchaser.

"With first closing, approximately $159m of the proceeds for the transaction has now been paid, with the balance payable in instalments upon the completion of the transfer of remaining towers to the purchaser," Airtel explained in its statement.

"Around $60m from the proceeds will be used to invest in network and sales infrastructure in Tanzania and for distribution to the government of Tanzania, as per the settlement described in the Airtel Africa IPO prospectus document published in June 2019.

"The balance of the proceeds will be used to reduce debt at group level."

At 0925 GMT, shares in Airtel Africa were down 1.14% at 139.5p.

Email this article to a friend

or share it with one of these popular networks:


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 143.30p
Change Today 0.000p
% Change 0.00 %
52 Week High 160.00
52 Week Low 76.65
Volume 0
Shares Issued 3.76m
Market Cap £5.39m
RiskGrade 259

Airtel Africa Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.90% above the market average54.90% above the market average54.90% above the market average54.90% above the market average54.90% 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
93.01% above the market average93.01% above the market average93.01% above the market average93.01% above the market average93.01% 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
79.31% below the market average79.31% below the market average79.31% below the market average79.31% below the market average79.31% 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 --2022

Time Volume / Share Price
0 @ 0.000p

Airtel Africa Key Personnel

Chair Sunil Bharti Mittal

Top of Page